UB Community Development announces $3 million in New Markets Tax Credit Funds to HWI

2022-08-11

Aug. 11, 2022 - Atmore, AL – UB Community Development, LLC (UBCD), a community development partner of United Bank, announced today the closing of nearly $8 million of New Markets Tax Credit (NMTC) allocation to support the modernization of the HarbisonWalker International plant in Fairfield, Alabama.

HarbisonWalker International is the largest refractory products and services supplier in the United States. Its international network spans North America, Europe, and Asia with 21 manufacturing facilities, 20 Global Sourcing Centers, and technology centers in the U. S. and China. Its revitalized Alabama operation will produce world-class magnesia-carbon refractories specifically engineered to optimize efficiency and performance in steel-making applications like steel ladles and low-emission electric arc furnaces.

“We are so pleased to be an active member of the Fairfield – Birmingham business community in Jefferson County again and bring jobs to the region. The location is ideal for delivering quality refractory products and high-value services to our customers’ growing steel operations in the southern U.S.,” said Michael Werner, Senior Vice President, Commercial, HarbisonWalker International.

The Fairfield facility has been owned by HarbisonWalker International since 1951. The plant was idled in 2019 due to a global lack of demand for carbon bake refractory products used in the aluminum market. The company is now expanding its U. S. manufacturing capabilities of magnesia carbon refractories in response to the increasing needs of its steel customers in the southern United States. The modernized facility will become one of HWI’s most efficient manufacturing facilities, creating 50 highly skilled jobs for the residents of the community and surrounding area.