Badin Business Park announced today that Custom Alloy Corporation, a leading manufacturer of pipe fittings and forgings, has signed a long-term lease to produce critical components for U.S. Navy submarines and aircraft carriers at Badin Business Park, located on the site of the former Alcoa aluminum smelter in Stanly County. The new facility will create 40 jobs with an average salary higher than the Stanly County average wage.
“We are excited to welcome Custom Alloy to Badin Business Park. We redeveloped this site to bring good-paying jobs to Stanly County, and this announcement demonstrates that investment is paying off. We will continue working closely with local and state officials to attract new jobs to Badin,” said Rob Bear, Alcoa Vice President of Transformation.
Custom Alloy will manufacture its Navy Fitting Product Line and new Specialty Pipe Product Line at the Badin Business Park facility. These products will enable the company to provide the military with faster deliveries and increased capacity, leading to less turbulence in the supply chain.
“Custom Alloy is a USA Forging/Fitting manufacturer for critical path components for our Military,” said Adam M. Ambielli, President of Custom Alloy. “We are working with the Navy to rebuild our manufacturing capacity here in the USA and this facility will directly impact Submarine and Aircraft Carrier Production. It was a pleasure working with local and state officials along with Duke Energy and Alcoa who made us feel welcome to the community. We look forward to working with the Advanced Manufacturing Institutes and local community colleges to build our workforce in the military and defense environment.”
Custom Alloy will invest $8.1 million in its new facility at Badin Business Park, considered one of the best industrial sites available in North Carolina. The company is expected to begin work on the Stanly County site in 2022 and create 40 jobs within two years.
Badin Business Park has ample space for Custom Alloy to expand or to recruit new businesses to the park. Companies interested in opportunities at Badin Business Park should visit www.badinbusinesspark.com for more information.
About Custom Alloy: Custom Alloy Corporation is a leading manufacturer of specialty metals for seamless and welded pipe fittings & forgings, predominantly for customers requiring time-critical maintenance or repair. The company’s expedited manufacturing and delivery capabilities allows it to focus on helping customers prevent or minimize costly down time related to emergency, planned maintenance, or project delays. For more information, visit www.customalloy.us.
About Badin Business Park: Badin Business Park is a business park located on the site of a former aluminum smelter operated by Alcoa in Stanly County. The 130-acre site has been described as one of the best industrial sites available in North Carolina due to the extensive infrastructure already in place. Electronic Recyclers International, the world’s largest recycler of electronic waste, signed on as the park’s inaugural tenant in 2011. Badin Business Park continues working with local and state economic developers to attract additional companies to Badin.