Start-up aluminum billet manufacturer Alexin LLC recently announced that the company will locate its first manufacturing facility in Bluffton, Ind., creating more than 50 new jobs. Alexin will invest more than $56 million to equip and finance its new production facility that will transform scrap aluminum into billet for extruders throughout the Midwest.

Alexin plans to begin operations in 2008 following the construction of a new 100,000 square foot manufacturing facility and a 200,000 square foot storage area in the 1300 block of South Adams Street. When operational, the facility will produce more than 210 million pounds of aluminum billet annually.

The Indiana Economic Development Corp. offered the company up to $745,000 in performance-based tax credits and up to $37,500 in training grants based on the company's announced job creation plans. The City of Bluffton offered the company property tax abatement. First Source Bank will provide equipment and working capital financing for the new venture.

There are 29 aluminum extruders in Illinois, Michigan and Indiana, according to the Aluminum Extruders Council. All use billet aluminum similar to what Alexin will produce for applications in commercial and residential construction, truck chassis, trailer and RV manufacturing.

Alexin LLC is a start-up company that is developing a green-field, state-of-the-art aluminum billet casting facility. The facility will re-melt aluminum scrap to produce high-quality aluminum billet used to support aluminum extrusion facilities in the Midwest. The plant will consist of 100K sq. ft. of manufacturing space and 200,000 square feet of outside storage (i.e. scrap yard).

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