Pennex Aluminum

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Pennex Aluminum is owned by Metal Exchange Corporation, based in St. Louis, a global metals trading, manufacturing and processing company. Pennex has over 33 years of experience and is a global leader in aluminum part manufacturing that specializes in recycling industrial aluminum to create unique finished products we use every day. With Pennsylvania operations in Wellsville and York, and an Ohio operation in Leetonia, the company continues to grow its strong market position.

In the past, the facility produced over 100 million pounds per year and has the capability to produce log lengths of 288.” The facility can produce 6”, 7”, 8”, 9” and 10” diameter billets.

Pennex worked with the Gannon University Small Business Development Center (SBDC) to coordinate with contacts at the Governor’s Action Team, and in February, the company was provided a Letter of Assistance from Governor Tom Corbett. Pennex was seeking to expand its capacity for making aluminum logs/billets and the existing dormant casthouse at the ILSCO facility in Greenville presented them that option. An alternative option was to expand at their Ohio facility.

In June 2013, Pennex Aluminum Company, along with elected officials and many distinguished guests, celebrated the expansion at the ILSCO facility. After a brief ceremony and ribbon cutting, guests were provided tours and lunch to celebrate the company’s expansion in Mercer County.

Governor Tom Corbett announced his support of the Pennex expansion and the company’s investment of more than $3.5 million in Mercer County. “Job creation is a top priority of my administration and supporting Pennsylvania’s manufacturers is a key to our success,” Corbett said. “Our support of the expansion will result in the creation of 33 new jobs in Mercer County and the retention of more than 200 positions in Pennsylvania.”

Pennex re-started the operation of the dormant aluminum casting facility at ILSCO, which had been idled since 2008, when it was owned by Signature Aluminum. Previously, Pennex reached an agreement which included the acquisition of the billet production assets and a long-term lease agreement to operate within the ILSCO manufacturing complex. Pennex has performed renovations, purchased new and used equipment, and has trained its new employees.

Pennex CEO Rick Merluzzi previously stated, “The Greenville billet casting facility will enhance our capabilities to serve our long term customers, prospective customers, as well as our growing internal needs. We are very excited to team up with ILSCO to restart this well-established casting facility. We are excited about the future of the casting facility and we intend to make further investments in new technologies to modernize the process.”

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