American Specialty Alloys Inc. disclosed plans to develop a $2.4 billion mill and campus in Central Louisiana to provide strong, lightweight metal for the automotive and aerospace industries.
With the project, ASA plans to create 1,450 new permanent jobs, including 850 direct ASA employees and 600 employees of corporate partners that are expected to perform additional manufacturing and logistics functions on the mill campus. Those direct jobs are expected to represent an average annual salary of $70,500, plus benefits.
ASA plans to construct its manufacturing facility at a 1,200 acre mill complex owned and formerly operated by International Paper in Pineville, Louisiana. ASA expects to break ground later this year, with a targeted completion date of all facilities in 2020. ASA estimates development of the aluminum mill will generate 2,000 construction jobs.
ASA’s plans call for an eventual 3,000 acre campus to accommodate all aspects of the aluminum manufacturing process. The company plans to include a melting and casting mill; hot- and cold-rolling mills for sheet and plate; and annealing, slit and cut-to-length production lines.
Published in the April 2015 Edition of American Recycler News
