MetalX LLC, a scrap metal recycling company, announced plans Tuesday to open a new facility in Auburn, creating up to 80 new jobs by 2017.
The Waterloo-based company will spend $12.4 million to buy, renovate and equip a 240,000 square-foot industrial building at 1101 Oren Drive, on a 30-acre site with main line rail access. The company expects to commission its first line in April, with plans to have the plant fully operational by September.
The company previously said the new operation was expected to create 46 new jobs in the next three years and that its startup cost was estimated at $7.75.million.
The facility will allow MetalX to develop a consolidated nonferrous metal recycling and reclamation operation that will be capable of recycling more than 100.million pounds of nonferrous metals per year, half of which will be reclaimed from material streams previously going to landfills, the company said.
“Indiana’s economy continues to operate with homegrown-Hoosier companies as our foundation,” Gov. Mike Pence said. “They are responsible for significant job creation and are key to helping bolster the growth of our state.
“With our low taxes, best-in-the-nation workforce and central location, the Hoosier state has developed an ideal business climate, allowing companies like Metal8X to stay close to home and making Indiana a state that works.”
MetalX, which currently employs more than 100 people in Indiana associates, plans to begin hiring for the Auburn facility next month.
Interested applicants can apply at the company’s Waterloo headquarters at 295 S. Commerce Drive or by emailing the company’s human resources department at firstname.lastname@example.org.
“We are pleased to confirm that we will locate our newest operation in Indiana, and in particular, in the city of Auburn,” said Danny Rifkin, president and chief executive officer of MetalX.
“We recognize the effort that has been required on the part of the mayor and city council, the DeKalb County Economic Development Partnership and the IEDC to work together with us on this project, and are proud to continue expanding in our home state.
“Job creation is the foundation for a sound domestic economy, and we appreciate the assistance to help facilitate new Indiana jobs.”