Wieland North America will invest $100 million for its new copper and copper alloy recycling facility. The company has already celebrated the ground breaking of their new recycling plant in Shelby County. Moreover, the new set up will create up to 75 quality jobs for the residents. In addition, Wieland North America is also planning to create more jobs in future.
Company’s expansion plans
Initially, the company announced the building the new recycling facility in May last year. It will be location on 79 acres off McConnell Way (formerly an extension of Isaac Shelby Drive). The new recycling plant will melt and recycle copper and copper-alloy scrap and it will use it in manufacturing semi-finished products for customers. In addition, the new facility will also position Wieland for future investment and job creation at the site. “Wieland is excited to grow its footprint in the Commonwealth of Kentucky. The incredible support from Gov. Beshear, as well as county and local leaders, has been instrumental in our progress to this point. We very much look forward to becoming a part of the Shelbyville community and strengthening our presence in the state.” Matt Bedingfield, president of Wieland North America Recycling and SVP of Global Metal Supply said in his statement.
75 quality full-time jobs
The new facility is likely to add 75 full time jobs for the Kentucky residents. In 2021, the Wieland North America roughly added about 1,600 new jobs for the Kentucky residents. “Last year, we welcomed Wieland’s announcement of a new headquarters to the Commonwealth as well as the company’s first production facility in our state. Today, I am thrilled to join Wieland and local leaders to celebrate an incredible opportunity that will further Kentucky’s economic momentum and provide quality jobs to our residents. This investment is another important piece in Kentucky’s unprecedented economic growth, and I can’t wait to see the success Wieland has here in the commonwealth.” Gov. Beshear expressed his views regarding company’s decision to establish a new recycling facility.
KEDFA’s tax incentives
In addition, the Kentucky Economic Development Finance Authority (KEDFA) approved the company for tax incentives. They approved these incentives are under the Kentucky Enterprise Initiative Act (KEIA). Moreover, KEIA will allow to use tax on construction costs, building fixtures, equipment used in research and development.
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