K Castings, a Latrobe manufacturer of non-ferrous cast metal articles for industrial, municipal and residential use, is in the process of upgrading its furnace with a state loan program.
Governor Tom Wolf this week announced the approval of a loan of more than $ 123,000 for the Pennsylvania Industrial Development Authority company, made available through Westmoreland’s Economic Growth Connection. The loan has a term of 10 years and a fixed interest rate of 1.75%.
It will help replace the company’s two original natural gas boilers with a more efficient electric furnace.
Replacing the furnaces – which are used to melt aluminum and brass – is part of nearly $ 250,000 of upgrades. The company is also considering purchasing a welder, tractor and Bobcat utility vehicle.
President Blair Adams said the improvements will help the family business maintain nine full-time jobs, in hopes of increasing its workforce.
He said the new oven is “a great upgrade for this company, which has a plant on Lloyd Avenue. This will give us more productivity ”, while representing“ an abandonment of fossil fuels ”.
As a core business, K Castings serves customers in the power generation, nuclear and military industries, he said.
Blair and Denise Adams, who is vice president, took over ownership of the 60-year-old company three years ago. They strive to increase sales of personalized aluminum and brass address signs and plaques for businesses and homeowners. The plaques are completed in a second building on Unity Street.
Additionally, Blair Adams said, “We do a lot of work for the local community.” This includes armrests for benches in downtown Latrobe and at the Greater Latrobe School District facilities.
K Castings also made start markers used at Latrobe Country Club. They feature the umbrella logo of local golf legend Arnold Palmer.
“Latrobe is growing with our products,” Adams said.