Matalco Kentucky Plans Simpson County, Kentucky, Alloyed Ingot Plant

SourceArea Development
Date Published03/22/2021
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Matalco Kentucky
Parent companyMatalco Inc.
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):60
Year reshoring announced:2021
Year reshoring implemented or to be implemented:2022
Domestically, the work will be done:In-house
Capital investment ($):53.5
Country(ies) from which reshored:Canada
City reshored to:Franklin
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings), extrusion, forging
Product(s) reshoredalloyed ingots from recycled aluminum
What domestic positive factors made reshoring more attractive?Government Incentives, Impact on domestic economy, Lead time/Time to market, Under-utilized capacity
Government Incentive dollar amount:$1 million
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