Chance Aluminum receives state loan for mill expansion
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Update time : 2023-05-09 17:39:18
Chance Aluminum, an aluminum rolling mill based in Williamsport, Pennsylvania, has been approved for a ten-year loan of US$3 million at a 2.5% fixed interest rate by the state.
The loan, obtained through the Pennsylvania Industrial Development Authority (PIDA), will be used to purchase and install equipment related to a new tension leveling line for aluminum coil production.
The expansion will cost US$7.5 million. 113 new full-time jobs were expected to be created within three years.
