Ames Copper Group Expands Manufacturing Plant in Shelby, North Carolina
Ames Copper Group plans to invest more than $50 million in infrastructure, equipment and working capital over the course of the project to build a new copper smelter plant, which will recycle and purify copper materials. Currently, PMR’s affiliate IMC Metals America employs a 76-person workforce that manufactures copper for wiring and lightning rods, as well as applications in the defense industry.
“The manufacturing industry is critical to our success as a nation, and currently, this operation will be the only custom smelter in the United States,” said Bernard Schilberg, CEO of Prime Materials Recovery. “We are excited to be able to build upon our company’s successes and expertise, and bring resources back to the United States that create more opportunities for our economy to prosper.”
“As North Carolina’s economy returns to growth mode, our existing companies are leading the way with new hiring and investment,” North Carolina Commerce Secretary Anthony M. Copeland said. “Ames Copper Group is a great example of the kind of confident, forward-looking businesses that thrive in our state.”
A performance-based grant of $150,000 from the One North Carolina Fund will help locate Ames Copper Group to Cleveland County. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs. Companies receive no money upfront and must meet job creation and capital investment targets to qualify for payment. All One N.C. grants require a matching grant from local governments and any award is contingent upon that condition being met.
The North Carolina Department of Commerce worked closely with the Economic Development Partnership of North Carolina in leading a collaborative state effort to support the company’s expansion. Other key partners in the project include the North Carolina Rural Infrastructure Authority, the North Carolina Community College System, Cleveland Community College, Cleveland County, the City of Shelby, Cleveland County Economic Development Partnership, and Duke Energy.
How are Uncertain Times Altering Company Location Strategies?
Infrastructure Investment as an Economic Stimulus Tool
34th Annual Corporate Survey & the 16th Annual Consultants Survey
Site Selection 2020: The Importance of “Regional Depth” with Global Reach
2020 Gold & Silver Shovel Awards Recognize State and Local Economic Development Efforts
2019 Top States for Doing Business: Georgia Ranks #1 Sixth Year in a Row