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Russellville, KY, October 28, 2015: Tri Arrows Aluminum, in conjunction with Logan Aluminum, announces the groundbreaking for a multi-year $240 million Tri-Arrows funded expansion with an additional $50 million investment under consideration. The expansions will create approximately 190 new employment opportunities at Logan Aluminum, Inc. The investments include a new aluminum recycling/ingot casting facility along with numerous projects to provide expanded capabilities and increased capacity at the manufacturing facility. The installation of new production equipment, improvements to existing production centers and the casting expansion will increase the total area under roof at Logan Aluminum by 348,000 sq. feet.
Mitsuru Okada, President and CEO of UACJ Corporation, the majority shareholder of Tri-Arrows Aluminum Inc., commented “we emphasize that strengthening and developing the business of rolled can sheets and auto body sheets is one of the most important elements of UACJ’s corporate strategy. The expansion and capability projects are the foundation to realizing this strategy. We support the implementation of the capital investments with our full efforts.”
Steve Shiraishi, President and CEO of Tri-Arrows Aluminum, Inc., said “this expansion project will enhance both the capability and capacity at the Logan rolling mill. The investment will significantly strengthen TAA’s position in rolled can sheet markets, providing greater assurance for the reliability of supply to our customers. Additionally, it provides us with greater commercial flexibility by extending the breadth of our product offering to other markets, including automotive.” Steve also stressed “we are very pleased to contribute to economic growth and creation of employment in this region through the projects.”
“Logan Aluminum has become a world leader in the supply of rolled aluminum sheet through the team members’ dedication to continuous improvement since the start-up in 1983. These investments provide the base for continuing industry leadership for Logan Aluminum as the aluminum marketplace transforms over the coming years,” says Randy Schumaker, President of Logan Aluminum, Inc.
Logan Aluminum is jointly owned by Tri Arrows Aluminum, Inc. and Novelis Aluminum, Inc. It is a world class manufacturer of aluminum sheet products with capabilities and experience in ingot casting, hot rolling, cold rolling, and finishing operations. Logan Aluminum, Inc. presently employs approximately 1050 employees.
For more information:
About Logan Aluminum, Inc., call 270-755-6000
About Tri Arrows Aluminum, Inc., call 502-566-5700