The D'Arcinoff Group (DG) signed a letter of intent today to use the former Metaldyne plant to house the headquarters of a wind turbine parts and components manufacturing company in New Castle, Rep. Tom Saunders (R-Lewisville) said.
The business will replace the vacant plant to bring nearly 1,800 new jobs to the New Castle area.
DG is a U.S. owned investment and alternative technology development company based in the Washington, D.C. area. It is comprised of transportation, defense, and energy industry veterans that rely upon strong relationships with industrial participants to develop strategic synergies wherever possible.
Michael Darcy, CEO of DG said that he has already applied for a loan from the Export-Import Bank of the United States and is awaiting reply on whether funding for the plant will be granted. Darcy expects to hear from the loan bank within the next 60 days.
The plant would be a training facility of a wind turbine-manufacturing program called Advantage Wind Turbines. DG said they have plans to bring back some of the people laid off from the Metaldyne plant within the last year to staff the new company.
"Although this is only a step in what could be a potentially long process, and nothing is guaranteed, the news of DG wanting to bring jobs and invest back into the Metaldyne plant in New Castle is great news," said Rep. Saunders. "Just the talk of the possibility of 1,800 new jobs within the next two years brings hope to the people in the community."