SCM investing $17M in new casthouse
Aug 28, 2013 | 03:01 PM
| Michael Cowden
CHICAGO Service Center Metals LLC (SCM) is investing $17 million in a new aluminum casthouse that it plans to feed with scrap from its existing operations as it also looks to increase internal sourcing of billet.
The new remelt operation, which will be adjacent to the Prince George, Va.-based extruders existing presses, will have a capacity of 75 million pounds per year, with one furnace feeding two horizontal casting systems and a homogenizing furnace at the end, company executives said.
"We expect to be casting metal in April (2014). ... Everything is on schedule and on time," SCM president and chief executive officer R. Scott Kelley told AMM Aug. 28. "The big part thats going to be helpful is were going to be able to recycle 100 percent of our own scrap."....
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