Bonnell Aluminum, a subsidiary of Tredegar Corporation (NYSE:TG),
announced it will be investing approximately $18 million over the next
12 months to fund an expansion project which will include the purchase
of a new state-of-the-art aluminum extrusion line at its AACOA facility
in Niles, Michigan. Planned startup is the second quarter 2017.
“With continued growing demand from our customers, it is exciting to
invest in this additional capacity, knowing that we will satisfy these
opportunities with the high quality products and services that AACOA is
known for in the industry,” commented Brook Hamilton, President and
General Manager for Bonnell Aluminum. “Our facility in Niles is ideally
suited for this project, with a well-run operation and a great team in
place.”
“AACOA has a solid market reputation and is highly regarded as a leader
in the markets it serves, primarily consumer durables and machinery and
equipment. The Niles facility also serves the automotive market due to
its regional location,” added Ira Endres, Vice President Sales and
Marketing. “It makes sense to increase the capacity in Niles based on
demand from our customers.”
The new line will be comprised of a state-of-the-art 3,600-ton extrusion
press, housing a 9-inch container, handling systems and ancillary
equipment. Capacity is estimated at approximately 16 million pounds. The
project also includes additional floor space to accommodate future
value-added fabrication capacity.
This announcement marks another important investment made by the Company
in recent years and confirms once again Bonnell’s full commitment to its
business. “The addition of this new line will provide new and broader
product line capabilities for our customers,” added Hamilton.
About Bonnell Aluminum
Bonnell Aluminum is a subsidiary of Richmond, Virginia-based Tredegar
Corporation (NYSE:TG). The company produces soft and medium-strength
alloy aluminum extrusions for building and construction, automotive,
machinery and equipment, consumer durables, transportation, electrical
and distribution markets. On October 1, 2012, Bonnell Aluminum acquired
AACOA, a world-class manufacturer, fabricator and anodizer of aluminum
extrusions with operations in Niles, MI, and Elkhart, IN.
For additional information please visit www.bonlalum.com
and www.aacoa.com.
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