NEW YORK Feralloy Corp.
has been granted tax abatements for a proposed expansion at its
operation in Decatur, Ala.
The steel processor is
considering a $7.75-million project to add a multi-blanking
line and a stretcher leveling line at the facility, according
to documents submitted to the citys Industrial
The multi-blanking line would be
used for producing flat, precise and tight-tolerance steel
blanks to customers in the automotive, appliance, HVAC
(heating, ventilation and air conditioning) and office
furniture markets, according to the documents. The stretcher
leveling line would be used to remove internal stresses from
the steel and enable the production of "perfectly flat
The company did not respond to
requests for comment.
The tax abatements amount to
about $22,000 per year for 10 years, as well as $240,000 during
the construction period.
Chicago-based Feralloy, owned by
Reliance Steel & Aluminum Co., has two slitting lines and a
cut-to-length line in Decatur. The documents said the
Chicago-based company could start the expansion this month and
be in service by April 1, 2013.