MetalX and Manna Capital to Invest $200 Million to Build Aluminum Rolling Slab Facility

Specifications:

Name:

MetalX and Manna Capital to Invest $200 Million to Build Aluminum Rolling Slab Facility

Location:

USA

Company:

MetalX and Manna Capital

Estimated Cost:

$200 Million

Source:

https://www.metalx.net/

Introduction:

MetalX and Manna Capital Partners announced plans to invest over $200 million in a new greenfield aluminum rolling slab facility in northeast Indiana, northwest Ohio, or southern Michigan.

Features:

The facility will be designed to produce 220 million pounds (100kmt) per year of ultra-low carbon aluminum rolling slab with a higher percentage of recycled content than is currently available. The product mix will be focused primarily on alloys for the beverage, packaging, and auto industries, and to a lesser extent, industrial and specialty markets.

The plant is expected to become fully operational in the first half of 2026 and will employ approximately 100 people.

Combined with a state-of-the-art MetalX processing operation and a dedicated logistics center by Page Trucking, the industry leader in full-service transportation, the rolling slab facility will anchor the development of a $300 million greenfield recycling campus where innovative closed-loop recycling solutions will support the aluminum industry's sustainability and circularity goals.