“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. By pairing our collective focus on customer service with a state-of-the-art facility, cutting edge processes, and advanced technical expertise, 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” says
“In addition to the joint venture’s offering, we plan to continue to produce billet at our existing, wholly owned Pennex facilities. Each company will produce various alloys to meet specific customer needs.”
Leadership teams at
"Expansion into scrap recycling has been a long-term strategic focus for Century but finding the right partners and opportunities are critical to the success of that strategy," continued
We expect to begin initial production in 2026, ultimately scaling output to 250 million pounds per year. This new venture will be the largest American-owned secondary billet supplier, worldwide. The leadership team is currently considering several locations for the facility in the
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