A new titanium manufacturing plant is set to rise in Fayetteville, North Carolina, with a significant investment of nearly $868 million. The facility, spanning 500,000 square feet, will produce aerospace-grade titanium, according to the state's commerce department.
The venture, operated under the name Project Aero by American Titanium Metal, is expected to create over 300 jobs in the area. The site will utilize recycled scrap metal to "melt, roll, and finish titanium," as disclosed by a spokesperson to Metalnomist. Georgia and Texas were also in contention as potential locations.
To support this project, North Carolina's economic investment committee has approved a job grant that could provide up to $8 million in incentives over the next 12 years. Additionally, the Cumberland County commissioners board sanctioned up to $1.3 billion in bonds to attract the project.
Specific details about the facility's production capacity remain undisclosed, and information about the company is limited. American Titanium Metal was incorporated in Delaware on September 11, 2023, with a third-party service acting as its registered agent.
This new mill will bolster domestic supplies of titanium, a metal highly valued in the aerospace and defense sectors for its heat resistance and strength-to-weight ratio. Other companies like Perryman Group, ATI, and Titanium Metals (Timet) are also slated to expand their titanium melting capacities by 2026 to meet rising demand.
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