CHICAGO Matalco Inc. plans to build a greenfield remelt
extrusion billet facility in the United States with an annual
production capacity of 300 million pounds of billet.
The Brampton, Ontario-based company said it has short-listed a
number of states, and senior management is expected to make a
final decision in the coming weeks.
The expansion will include and integrate a new Triple M Metal
LP nonferrous plant that will procure and handle Matalcos
aluminum scrap requirements as well as process nonferrous
materials independent and separate from Matalco, the company
Like Matalco, Triple M, a metals recycler, is based in Brampton
and part of the Giampaolo Group.
We are extremely excited about this next phase of our
corporate growth plan, Matalco president Armand Sanguigni
said in a statement.
The expansions will boost the companys market share
in direct response to the growth and demand that we are
experiencing with our products and services, he said.