Start-up aluminum billet manufacturer Alexin LLC announced the company will locate its first manufacturing facility in Bluffton, Ind., creating more than 50 jobs. Alexin will invest more than $56 million to equip and finance a facility that will transform scrap aluminum into billet for extruders throughout the Midwest. Alexin plans to begin operations in 2008 following the construction of a 100,000-square-foot manufacturing facility and a 200,000-square-foot storage area. When operational, the facility will produce more than 210 million pounds of aluminum billet annually.

According to the Aluminum Extruders Council, there are 29 aluminum billet extruders in Illinois, Michigan and Indiana. All use billet aluminum similar to what Alexin will produce for applications in commercial and residential construction, truck chassis, trailer and RV manufacturing.