Published in Breaking News

Bonnell Aluminum to invest $18 million in Niles facility

BY MiBiz Staff Wednesday, March 16, 2016 01:14pm

NILES — Bonnell Aluminum plans to invest approximately $18 million in a new aluminum extrusion line at its facility in Niles over the next year, according to a statement released today.

The Newnan, Ga.-based manufacturer of soft and medium-strength alloy aluminum extrusions for the construction, automotive, machinery and other markets expects to begin production on the new line in the second quarter of 2017.

Bonnell’s new line will include a 16-million-pound capacity extrusion press, supporting equipment and additional floor space for future expansions, according to the statement.

The company, a subsidiary of Richmond, VA.-based Tredegar Corp. (NYSE: TG), cites “continued growing demand from our customers,” as a driver for the expansion in Niles, said 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,” Hamilton said.

Read 1613 times Last modified on Wednesday, 16 March 2016 13:28
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