Ames Copper Group, a joint venture of Prime Materials Recovery and the Cunext Group, will create 46 jobs in Cleveland County.
The company will invest at least $26.3 million with the expansion of its copper manufacturing facility located in Shelby.
The company plans to invest more than $50 million in infrastructure, equipment and working capital over the course of the project to build a new copper smelter plant, which will recycle and purify copper materials.
A performance-based grant of $150,000 from the One North Carolina Fund will help locate Ames Copper to Cleveland County. The One N.C. Fund provides financial assistance to local governments to help attract economic investment and to create jobs.