Logan Aluminum announces groundbreaking


Ceremony will be for new expansion project, no other details released

By OJ Stapleton - ostapleton@newsdemocratleader.com



Logan Aluminum’s long talked about expansion project will likely be unveiled this week.

Logan County’s largest employer announced Monday morning that it would hold a ground breaking ceremony for an expansion project on Wednesday at 1 p.m.

No further details were announced, but in March the Kentucky Economic Development Finance Authority gave preliminary approval to Logan Aluminum for incentives regarding an expansion project.

The preliminary approval is for a proposed $282 million expansion project for the north Logan industry, which is the county’s largest employer and among the biggest in the region.

According to the proposal, Logan Aluminum would create 188 jobs that could pay an average of $50 per hour including benefits.

The purpose for the potential expansion would be to make flat-rolled aluminum sheets for the automobile industry. Some $70 million would be spent on building improvements and $212 million would be used for equipment purchases.

The incentives that Logan Aluminum could see includes a $1.8 million rebate in sales tax on some $40 million that could be spent on materials and a $5.2 million tax incentive over 10 years for the jobs created by the project.

Logan Aluminum is a Delaware registered corporation. We are a joint venture with two shareholders; Novelis Corporation and Tri-Arrows Aluminum Corporation. Physically located near Russellville, Logan Aluminum is a leading manufacturer of flat rolled aluminum sheet, primarily for use in the beverage can market. At Logan Aluminum, we use the latest technology, but it is the commitment of ‘every individual, every team, every day’ to improve and advance in concert with our unique team-based work system that has propelled us to a leadership position in the industry.

http://newsdemocratleader.com/wp-content/uploads/2015/10/web1_logan_logo_new.jpg
Ceremony will be for new expansion project, no other details released

By OJ Stapleton

ostapleton@newsdemocratleader.com

To contact OJ Stapleton, email ostapleton@newsdemocratleader.com or call 270-726-8394.

To contact OJ Stapleton, email ostapleton@newsdemocratleader.com or call 270-726-8394.

comments powered by Disqus