LORDSTOWN, Ohio (WYTV) – State and local leaders gathered in Lordstown on Wednesday to celebrate jobs and the ribbon-cutting of a multi-million dollar facility that produces aluminum billets.
“To be able to sit there and bring this sort of investment into your community to help stabilize the tax base, that’s what we like to do and I’ll tell you what, I couldn’t be happier,” said Lordstown Mayor Arno Hill.
The $100 million facility that houses Matalco and Triple M broke ground in September of 2014. Giampaolo Group, based out of Canada, is putting the two companies under one roof for the first time in its largest U.S. investment.
“This leading edge plant, which employs the world’s most technologically advanced and highly automated equipment in our industry, will produce once we are at full capacity by 2018. One million pounds of high-quality aluminum and forged billet per day,” said Matalco U.S. Vice President Robert Roscetti.
The plant has been running since March and company officials say they’re on track to meet goals set for the first year.
“We are planning on producing 90 million pounds in our first year, so that’s the 25 percent overall production, and we’re going to ramp up next year to about 50 percent,” Roscetti said. “By the end of 2018, we should have this plant at full capacity.”
Matalco currently employs about 50 people.
“It’s fantastic news. It’s great for Matalco, it’s great for Trumbull County, it’s great for all the families that will be positively impacted, not only by being employed here, but also just the entire impact it’s going to have on the community,” said Lieutenant Governor Mary Taylor. “It’s really neat to be a part of the groundbreaking and then to come back now and see, truly, what this wonderful facility is.”
Once the facility is in full operation, it hopes to hire 80 to 100 additional workers.