WISCONSIN RAPIDS, Wis. (WSAW) -- Canadian aluminum manufacturer Matalco, Inc. announced Wednesday it plans to build an $80 million manufacturing plant in Wisconsin Rapids.
Once built, the 110,000 square foot facility will employ 80 permanent, full-time employees. Annual production is expected to exceed 230 million pounds of high-quality aluminum billet.
The plant will be built in the Rapids East Commerce Center, a 175-acre site on the northeast side of Wisconsin Rapids, off State Highway 54. The site is certified by the Wisconsin Economic Development Corporation as 'shovel ready' for development.
Mayor Zachary Vruwink says the certification and the city's pro-business 'Grow Rapids' initiative played a part in bringing Matalco to Wisconsin Rapids.
"After nearly a year of conversations, securing this investment and the great paying jobs for the City of Wisconsin Rapids required a focused, proactive approach involving state and local economic development partners," said Vruwink.
Matalco is based in Ontario, Canada and has four other facilities in Brampton, Ontario; Canton, Ohio; Lordstown, Ohio; and Bluffton, Indiana.
The company produces more than 1 billion pounds of aluminum a year.