Aleris to expand plant in Lewisport
LEWISPORT, Ky. (AP) — An Ohio company says it will spend $350 million to expand its plant in Hancock County to begin manufacturing aluminum sheet for vehicle bodies.
Aleris officials say the company will begin construction this fall and hopes to start shipping the aluminum sheet by early 2017. The company’s 1.6 million-square-foot mill in Lewisport employs about 800 people and has been open since 1964.
The Kentucky Development Finance Authority approved tax incentives for Aleris worth up to $11.7 million.
Democratic Gov. Steve Beshear said Aleris’ expansion is the single largest investment by a company in Kentucky in more than a year. Beshear said Kentucky’s aluminum industry added more than $2 billion to Kentucky’s gross domestic product last year and accounts for more than 20,000 state jobs.
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