.MagnecoMetrel will invest more than $5 million into refurbishing about 100,000 square feet of industrial space at Gadsden Industrial Park. The project will create 30 new jobs in Gadsden at its initiation, with the jobs averaging about $25 an hour.
Magneco/Metrel will be investing more than $5 million to refurbish 100,000 square feet of industrial space at the site of an old Gadsden, Ala. steel mill. A Midwestern refractory products company is reanimating part of Gadsden’s old steel mill property.
The project will create 30 new jobs in Gadsden at its initiation, with the jobs averaging about $25 an hour. Magneco/Metrel was founded in 1981 and specializes in refractory products for aluminum, brick, ceramic, glass, iron and steel. Gadsden Mayor Craig Ford called the announcement a “big win” for the city.
Ford also credited David Hooks, director of the Gadsden-Etowah Industrial Development Authority, with moving the project forward. Hooks acknowledged the work of Alabama Power and Spire Gas.
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