About this Event
NEW HAVEN, Ind. (Nov. 20, 2019) – SDI La Farga LLC, a copper reclamation and production company, announced plans today to expand its Indiana operations, investing nearly $16 million at its New Haven facility and creating up to 30 new jobs by the end of 2021.
"Indiana's fiscally-sound, pro-growth business climate and talented workforce make the state an ideal location for SDI La Farga to expand," said Indiana Secretary of Commerce Jim Schellinger. "We're excited to witness SDI La Farga's continued growth and success in Indiana and remain committed to supporting companies, like SDI La Farga, that are offering quality career opportunities for Hoosiers and investing in our state."
SDI La Farga, a joint venture between Fort Wayne-based Steel Dynamics and Barcelona, Spain-based La Farga Group, currently produces 180 million pounds of finished product per year using one furnace to melt and refine copper. The company plans to add a second furnace to its existing facility at 1640 Ryan Road in New Haven, which will allow the company to produce copper 24 hours a day, increasing its capacity by 250 million pounds annually.
SDI La Farga, which currently employs 74 people, plans to hire additional production shift and logistical employees by the end of 2021. Interested applicants may learn more and apply online.
“We have had tremendous growth since our inception, which is a testament to our teammates,” SDI La Farga president Kurt Breischaft said. “This expansion will help us better serve our customers in the Midwest, and specifically in Indiana. We'll be able to operate more efficiently, ramp up our production and create more jobs in New Haven, which has been a great place to do business.”
Founded in 2010, with production beginning in New Haven in 2012, SDI La Farga provides high-quality copper products to customers in a variety of industries. The company has an environmentally friendly and efficient process in which it reclaims scrap copper, refines it and produces copper rod and wire.
“I'm proud to see SDI La Farga expanding in our city,” New Haven Mayor Terry McDonald said. “As a community, we have worked hard to build an excellent business climate and maintain a high quality of life in New Haven. Today's announcement shows that hard work is paying off.”
The Indiana Economic Development Corporation offered SDI La Farga LLC up to $255,000 in conditional tax credits. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. Northeast Indiana Works will provide the company with additional hiring and training assistance. New Haven City Council will consider additional incentives.
About SDI La Farga
SDI La Farga is a joint venture between Steel Dynamics and the La Farga Group based in Barcelona, Spain that was founded in 2010. Located in New Haven, Ind., SDI La Farga reclaims and refines scrap copper, producing high-quality copper rod and wire. Production started in 2012 and the company produces 180 million pounds annually. For more information, visit SDILaFarga.com.
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.