Federal Metal Company to build first Arkansas facility
The Federal Metal Co., a provider of copper-based cast alloys, is expanding its footprint into North Little Rock, Arkansas, where the company is building a new manufacturing facility to recycle post-consumer aluminum copper radiators. The company will invest approximately $17.8 million in its first Arkansas facility and create 40 new jobs within four years.
“Major investments in new mill, foundry, and refining capacity are underway in the U.S. for the first time in generations, and it’s important the scrap industry here keeps pace to assure the domestic supply chain is well fed,” said Peter Nagusky, Federal Metal’s president and CEO. “It is wasteful when valuable scrap like these radiators are exported [to support non-U.S. manufacturing]. Companies producing semi-finished copper and aluminum will need to increase the recycled content of their products by using more scrap and less primary metal. The main reasons are clear: It is economically advantageous and environmentally sustainable.”
Federal Metal is expected to be operational mid-2023. It will be able to recycle more than 3,000 metric tons per month of aluminum copper radiators in North Little Rock.