Gränges Americas Inc. receives state grant of US$975,000 for its Huntingdon rolling facility

The State Funding Board of Tennessee has approved two economic incentives for two companies from different sectors. The Tennessee panel has approved an economic development grant of US$975,000 for Gränges Americas Inc. in Huntingdon, an aluminium rolling company.

The State Funding Board also approved a grant of US$772,000 for job training assistance for Keep Truckin, Inc. in Nashville, a trucking technology firm.

Gränges' Huntingdon facility has aluminium continuous casting, cold rolling, finishing operations with a capacity of 160 thousand tonnes. They supply to HVAC, food containers and transformers sector. State economic development official Paul VanderMeer says Gränges, a Swedish aluminium engineering and manufacturing company, plans to add 65 jobs over two years in their plants, on average with payments of about US$26 per hour.

That’s on top of the US$110 million expansion in its Huntingdon, TN aluminum rolling operations Gränges announced last November with a promise to create 100 jobs. Gränges has been approved a total state incentives of US$2.9 million till date. Gränges also announced that it will expand its operations in Newport, Arkansas to manufacture aluminium for various light gauge foil applications like food-grade packaging.

In 2016, Gränges acquired the Newport,Tennessee and North Carolina aluminium facilities from Noranda Aluminum. The Swedish company’s Arkansas facility has one of the widest aluminum rolling mills in the United States.

San Francisco-based KeepTruckin has developed a fleet management network and expects a US$3.6 million investment in Nashville with about 385 jobs over three years, with an average payment of US$ 59 per hour.