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EAST ALTON — Copper supplier Wieland Co. announced last week that it will invest $500 million to modernize its East Alton facility. This means the Germany-based company will be eligible for approximately $231 million in incentives over the next 30 years.
Copper products manufactured at the plant are used in electric vehicles and charging equipment. The bulk of the tax benefits will be realized through Illinois’ Reimagine Energy and Vehicles program, known as REV. Improvements include building a new factory.
“Copper production is an essential part of the future of sustainable manufacturing in Illinois,” Gov. J.B. Pritzker said in a news release Wednesday.
According to the U.S. Department of Energy, less than 1% of vehicles registered in the U.S. in 2023 were electric vehicles, but many analysts predict that with advances in technology, the market share of new car sales could reach 40% by 2030. It is predicted that this could reach .
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Wieland has five other facilities across Illinois, including one in Granite City. East Alton’s Wieland Rolled Brass was formed in 2019 when Olin Brass’ parent company, Global Brass & Copper, merged with Wieland. This institution is still known locally and the history of Olymblas dates back to his 1916 year.
The company announced in October that it would lay off about 100 of its 1,100 East Alton employees, according to the Alton Telegraph. A news release last week said the incentive agreement would preserve 800 jobs across the state, but it’s unclear whether laid-off workers will be brought back.
Check out the photographer’s photos after his deployment in December 2023.
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