Wieland Group to Expand East Alton Operations
Copper | 2024-01-22 11:40:22
Moreover, the investment will position Wieland Group as the ultimate leader in North American rolled products.
By Paul Ploumis
SEATTLE (Scrap Monster): Wieland Group- the German supplier of high-quality copper and copper alloy solutions announced plans to upgrade its manufacturing operations in East Alton, Illinois. The proposed investment of approximately $500 million is expected to retain 800 jobs at the facility.
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The modernization of the facility will deliver increased production of critical copper and copper alloy components that are extensively used and are in high demand from the electric vehicles (EV) segment. The investment will help Wieland to ensure significant expansion of its future capacity and reinforce its commitment to customers to build a more sustainable future. Moreover, the investment will position Wieland Group as the ultimate leader in North American rolled products.
Dr. Erwin Mayr, CEO, Wieland stated that the investment represents the dedication of the company in responding to its customers’ ever-changing needs and bringing long-term sustainable solutions to the North American market.
Meantime, Kristin Richards, Illinois Department of Commerce and Economic Opportunity Director noted that the investment will bolster the state’s clean energy economy. He termed the move as an investment in the future of East Alton manufacturing jobs.
