Sherman's birthday gift wrapped in Kaiser AluminumSherman's birthday gift wrapped in Kaiser Aluminumhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=24002014-11-20T08:12:00Z2014-11-20T06:45:00Z

SHERMAN - Kaiser Aluminum has announced a $5.8 million upgrade to its facility at 4300 S. US 75. The expansion will add seven jobs to the 145-employee plant, which makes components for aircraft and automobiles.

Kaiser has entered into a $232,000 agreement with the Sherman Economic Development Company (SEDCO) to help offset the cost of the project.

Kaiser Aluminum operates 12 North American plants and has significantly expanded its footprint in Sherman’s Progress Park since taking over a warehouse there from Capital Products in 1964.

SEDCO estimates its return on investment for the Kaiser incentive at seven years, which will be captured through increased property taxes. Grayson County records show the Kaiser facility is valued at more than $4.6 million, with another $9.1 million in manufacturing equipment.

New federal regulations requiring higher fuel efficiency have played a large role Kaiser’s growth, according to Plant Manager Max Gorman. In order to reduce vehicle weights and increase fuel efficiency, car manufacturers are substituting lightweight aluminum bodies for heavier metals such as steel.

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Herald Democrat
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