Hydro Extrusion North America, a manufacturer of aluminum products in North Liberty (South Bend Region) is planning a $9.5 million expansion, and will receive a $1.1 million tax break over a decade. The company currently employs 180.
The North Liberty Town Council voted 3-1 in early July to approve 10-year real and personal property tax abatements for the company’s, which is located at 400 S. Main St.
The approval of the deal comes after company officials referred to the possibility of the plant closing if the project didn’t move forward, warning that operations could be consolidated at one of the company’s other facilities. Although the project is expected to create some jobs, the company didn’t estimate how many.
The project calls for spending $8.5 million on various equipment, including a $2.5 million extrusion press that will be used to make a wider variety of aluminum products. About $1 million will go toward plant renovations, including the construction of a maintenance building. The project is expected to be done by June 2021.
The plant, previously owned by Sapa Extrusions, was acquired last year by Rosemont, Ill.-based Hydro Extrusion North America, which has more than 20 facilities nationwide. Its parent company, Norsk Hydro ASA, is headquartered in Norway and has operations across 40 countries.