Pennex Aluminum Company officially unveiled a $38 million state-of-the-art expansion which nearly triples the size of the Leetonia, Ohio aluminum extrusion and fabrication facility.
The expanded 275,000 sq.ft. facility features two aluminum press lines, including an innovative 12” press line. Each press gives Pennex the capability to create specialized and customized aluminum products.
With the expanded facility in Leetonia comes additional shifts and more than 65 new jobs, with the potential to add even more jobs in the coming years.
The $38 million expansion project was supported in part by a 45 percent, 6 year tax credit from the State of Ohio, a 15 year tax abatement from the Village of Leetonia, and a partnership with Columbiana County.
Published in the September 2015 Edition of American Recycler News
