NEW HAVEN, Ind. (WPTA21) – A New Haven copper processing plant announced expansion plans that would add up to 30 new jobs and plug $16 million into the facility by 2021.
SDI La Farga, a joint venture between Steel Dynamics and the Barcelona, Spain-based La Farga Group, reclaims scrap copper, refines it, and then produces copper rod and wire.
Right now, SDI La Farga produces 180 million pounds of finished product per year using one furnace to melt and refine copper.
This expansion will add a second furnace to the existing facility at 1640 Ryan Rd., allowing the company to produce copper 24 hours a day, increasing capacity by 250 million pounds annually.
“We have had tremendous growth since our inception, which is a testament to our teammates,” SDI La Farga president Kurt Breischaft said.
“This expansion will help us better serve our customers in the Midwest, and specifically in Indiana. We’ll be able to operate more efficiently, ramp up our production, and create more jobs in New Haven, which has been a great place to do business.”
SDI La Farga plans to hire additional production shift and logistical employees.
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The Indiana Economic Development Corp. (IEDC) offered SDI La Farga up to $255,000 in conditional tax credits.
These incentives are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
The New Haven City Council will also take a look at tax phase-ins for the company.
Production at the New Haven plant began in 2012.