Freedom Metals Inc. has announced plans to open a new scrapyard
on the south side of Louisville, Ky.
The new facility will
primarily serve as a feeder yard to Freedoms larger
processing centers in Louisville. It will feature two scales
and a small office building that will house about 20 full-time
"It took us about a
year and a half to get zoning for the property, and we spent
about $700,000 to acquire the land," company president Spencer
Blue told AMM. "When we first started zoning, there
wasnt nearly the volatility in the market that there is
today. We are going to proceed very cautiously in terms of
opening the property. We probably wont look to open the
facility for another 24 months."
The company plans to
invest about $2 million to make the yard fully operational, he
company operates four scrap recycling facilities in Kentucky.
Freedom Metals also owns Le Grange, Ky.-based Blue Alloys LLC,
which specializes in stainless steel and special alloy