Wednesday, March 10, 1999
The Michigan Jobs Commission today welcomed Alchem Aluminum, Inc., to Saginaw County. The company, which processes aluminum alloys to be used in the automotive industry, will locate in Zilwaukee. The Michigan Jobs Commission also announced that a $900,000 economic development infrastructure grant has been approved for the City of Zilwaukee to assist in the project. The grant, funded through the Michigan Renaissance Fund, will be used for infrastructure improvements. "By improving the quality of infrastructure, the City of Zilwaukee has the resources it needs to accommodate Alchem Aluminum, Inc., as well as benefit from the new jobs created by this project," said Doug Rothwell, CEO and department director of the Michigan Jobs Commission. The Jobs Commission also announced that an economic development job training grant worth $45,000 will be provided to Alchem Aluminum, Inc., to help train the 100 new employees the company plans to hire. This grant, funded through MJC's Economic Development Job Training program, will be conducted by a training provider chosen by the company. "I am pleased that we were able to help Alchem Aluminum, Inc., find a home in Zilwaukee," said Rothwell. "This is a perfect example of how the community, state and company worked together to make sure a project happens." Alchem Aluminum, Inc., which also operates a production facility in Coldwater, Michigan, is a wholly owned subsidiary of IMCO Recycling Inc. (NYSE:IMR). Based in Irving, Texas, IMCO is the world's largest recycler of both aluminum and zinc. The company operates 23 U.S. production facilities, as well as an aluminum recycling plant in Swansea, Wales. IMCO also owns 50 percent of a joint venture in Germany that operates two aluminum recycling and foundry alloy facilities. Principal customers of IMCO's aluminum operations include major aluminum companies as well as automobile manufacturers and their suppliers. The customers use most of the recycled metal to manufacture products for transportation, packaging and construction. Don Ingram, IMCO's chairman and chief executive officer, said the Zilwaukee facility will provide recycled specification aluminum alloys to General Motors' Saginaw Metals Casting Operations under a 13-year contract. "This plant is a major step forward in our company's participation in the transportation sector, the largest and fastest-growing aluminum market. "Construction of the new plant in Zilwaukee will begin in mid-year and it should begin operating by the end of the first quarter of 2000," he said. "The facility's cost will be about $22 million and it will have a rated annual capacity of 200 million pounds." "We're delighted that Alchem has chosen Saginaw County for its new home. This is a great opportunity for Saginaw County workers," said JoAnn Crary, President of Saginaw Future Inc. "This is especially good news for the 100 people who will be employed by Alchem. They are the real beneficiaries of this project as they will receive new skills training provided by the $45,000 job training grant."