A new business is coming to Limestone County. Wednesday, Carpenter Technology Corporation broke ground on a facility.
The company, which is based in Pennsylvania, specializes in the manufacturing of specialty alloys. Representatives said Limestone County was their first choice, and they're making a $500 million investment.
"Those alloys go into things like aircraft engines, structurals, power generation, energy applications, implants in people's bodies, cars, trucks, industrial valves, all kinds of different applications," said David Strobel, Carpenter's Senior Vice President of Global Operations. "We make some of the best specialty materials in the world."
The new location, off Highway 31 at Hammons Road, will eventually employ 200 to 250 people.
"This location will house the largest radio forge in the world for the making of our products, so we're really psyched," said Strobel.
Buildings will be up by next May, and the company plans to start shipping product by March 2014.