NEW YORK Pennex Aluminum
Co. has decided to restart Ilsco Extrusions Inc.s idled
billet casting facility in Greenville, Pa., as demand from
end-users such as the automotive industry has exceeded the
companys current capacity, according to Pennex remelt
business manager Harry Dillman.
Growing demand for aluminum
extrusions recently led the company to buy billet externally to
supplement its production needs, he said. Pennex already has a
billet casting facility at its Wellsville, Pa., operations,
"Were fortunate to have a
very strong customer base," he told AMM. "Were
completely tapped out at Wellsville."
The increase in demand meant the
company was in need of expansion, and the Greenville facility,
formerly Signature Aluminum Inc., presented the perfect
opportunity, Dillman said.
Pennex is seeing growing demand
from the automotive sector, with truck and trailer demand
"We had a bit of a downturn at
the end of last year, but it (has) rebounded nicely in
January," Dillman said.
The Wellsville-based company
plans to restart billet production at Greenville in the second
quarter of this year (
amm.com, Feb. 1).
The facility previously produced
more than 100 million pounds per year, a target that Pennex
expects to achieve and possibly surpass, Dillman said.
AMMs spot 6063
billet premiums increased to between 12 and 13 cents per pound
last month as spot activity picked up in a tightly supplied
amm.com, Jan. 25).
The prospect of a production
disruption at Pittsburgh-based Alcoa Inc.s Aluminerie de
Bécancour Inc. smelter in Quebec remains a concern for
amm.com, Jan. 4).