plans shredder facility
Metalico, Inc., a regional scrap metal recycler,
has purchased a portion of the former Bethlehem Steel/Mittal
complex in Western New York, including the abandoned galvanizing
mill, from Great Lakes Industrial Development LLC, a Buffalo-based
real estate investment group, as the site for a new shredder.
The 44-acre parcel includes a 177,500 square-foot building. Metalico
plans to install a heavy-duty 80104 metal shredder inside the
building, which will still provide ample additional space for
other recycling activity. The location is appropriately zoned
for the company’s contemplated use and approvals are in place
for outdoor storage and processing of scrap metals.
Metalico expects to produce 120,000 tons per year of high quality
shredded steel scrap by combining feedstock generated from its
own yards and material available for purchase in the region.
Metalico expects to make a capital investment of more than $10
million for the acquisition of the property, plant and support
equipment and related improvements for the shredder project.
Metalico expects the new facility to generate 15 to 20 new permanent
jobs in addition to construction and installation work. The company
also plans to add two more scrap buying centers in the area to
better supply the shredder and to be less reliant on traditionally
more expensive third-party feedstock.