Scrap Consumers
March 15, 2024
Secondary billet facility eyed for Ohio region
Written by Stephanie Ritenbaugh
Century Aluminum Company and St. Louis-based non-ferrous metals manufacturer MX Holdings announced a plan to form a joint venture to focus on low-carbon secondary billet. MX Holdings is the parent company of Metal Exchange and Pennex.
The joint venture aims to deliver advanced alloys composed of recycled content out of a facility in the Ohio Valley region, the companies said.
MX Holdings and Chicago-based aluminum producer Century are targeting the automotive and general extrusion industries.
“We are excited to embark on this endeavor with Century – a partner whose business strategy and expertise complement our own and whose team shares our values and people-centric culture,” Matt Rohm, CEO of MX Holdings, , said in a statement. “Billet produced by the joint venture will not only deliver exceptional quality and performance but will enable our customers to achieve their sustainability objectives more effectively,” he also said.
Rohm said MX Holdings plans to continue to produce billet at its existing Pennex facilities as well.
The joint venture plans to begin initial production in 2026, ultimately scaling output to 250 million pounds per year.
The venture will be the largest American-owned secondary billet supplier, worldwide, according to the companies.
