Indiana Economic Digest | Indiana
Advanced Search

• Most Recent




home : most recent : most recent June 25, 2018


6/8/2018 12:52:00 PM
New Haven metals company seeks abatements on $13 million expansion

Matthew LeBlanc, Journal Gazette

A metals company in New Haven is planning its second multimillion-dollar expansion in as many years and is seeking tax abatements to pay for new equipment and other improvements.

Superior Aluminum Alloys will spend $6 million on real estate improvements and more than $7 million on new equipment at the plant on Edgerton Road. Five new jobs with average salaries of $24,500 are expected to be created.

An application the company filed with the city seeks approvals that would save $716,705 in taxes on real estate and $354,034 in equipment taxes during a 10-year period.

Superior Aluminum announced plans in 2017 to invest $13 million in new equipment and improvements at its plant. The company recycles scrap aluminum into alloys used in vehicle manufacturing.

Related Links:
• Journal Gazette full text

Copyright 2018, www.journalgazette.net






Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


Software © 1998-2018 1up! Software, All Rights Reserved