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Foley, AL (2013)

Vulcan Aluminum Mill Vulcan, Inc.

Financing for the addition of a state-of-the-art, 24,000 square foot building to the existing facility as well as installing a new Annealing Furnace, Water Cooling System and Melting Furnace, which raised production capacity to 110 million pounds per year.

Investment

  • NMTC Amount: $22,025,000
  • Total Project Cost: $30,506,496

IMPACT

  • 297 FTE jobs
  • 227 construction jobs
  • The expanded plant employs an additional 22 full-time employees in addition to the existing 275 existing employees. All employees have generous health coverage and benefits.
  • 24,000 sq. ft. of real estate

Investor

Project Description

Vulcan Aluminum Mill Vulcan, Inc. is an employee-owned company located on the Alabama Gulf Coast in Foley. The firm operates one of the only completely vertically integrated aluminum processing plants in the country, in which raw aluminum bars are heated into a molten form, then rolled into coils. The project included the addition of a state-of-the-art, 24,000 sq. ft. building to the existing facility as well as installing a new Annealing Furnace, Water Cooling System and Melting Furnace, which raised production capacity to 110 million pounds per year. Modifications to the Mill and mill-associated equipment were also performed to enhance speed and efficiency.

MAP

Address: 900 Vulcan Street, Foley, AL 36535

Census Tract: 1003011501

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