Pennsylvania-based roller Chance Aluminum has received approval for a $3mn state loan to help expand its Williamsport mill.
The loan has a term of 10 years, an interest rate of 2.5pc and will come from the Pennsylvania Industrial Development Authority.
Funds will go toward a new tension leveling line, which aids in flattening aluminum to produce coils. Chance expects the project to cost $7mn in total.
Former owner JW Aluminum closed the Williamsport plant in 2021 and sold it to Florida-based distributor AA Metals in August of that year. It reopened as Chance Aluminum in the fourth quarter.

