NEW YORK Pennex Aluminum Co. has agreed to restart
Ilsco Extrusions Inc.s (IEI) idled billet casting
facility in Greenville, Pa.
The alloyed aluminum billet
casting operation, once part of the former Signature Aluminum
Inc., was purchased by IEI parent company Ilsco Corp. in 2010
amm.com, July 2, 2010).
The facility previously produced
more than 100 million pounds per year, the companies
said separately in announcing the
Under the terms of the
agreement, Pennex will acquire the billet production assets and
signed a long-term lease agreement to operate within the IEI
manufacturing complex in Greenville, IEI said.
"The Greenville billet casting
facility will enhance our capabilities to serve our long-term
customers and prospective customers, as well as our growing
internal needs. We are very excited to team up with (IEI) to
restart this well-established casting facility," Rick Merluzzi,
president and chief executive officer of Pennex, said in a
Billet production is expected to
begin in the second quarter, IEI said.
The facility can produce 10- and
6-inch diameter billet. This will be in addition to
Pennexs current range of products, which include 7-, 8-,
9- and 14-inch diameter billet.
Pennex Aluminum, which is owned by Metal Exchange Corp.,
already has operations in Wellsville and York, Pa., and