A Major Milestone for FabArc Steel Supply
FabArc Steel Supply, headquartered in Oxford, Alabama, has reached a historic milestone by securing a $100 million contract for an automotive project, dubbed Project Armstrong, located in New Carlisle, Indiana. This project, valued at $100,725,000, is a testament to FabArc’s exceptional steel fabrication capabilities and its strong foothold in the burgeoning electric vehicle (EV) battery sector. The contract involves the supply of approximately 25,000 metric tons of steel, marking a significant increase in the company’s production and market presence.
Founded in 1979, FabArc Steel Supply has grown to become Alabama’s largest steel subcontractor, providing high-quality steel fabrication for a variety of industries. The company’s most recent achievement with Project Armstrong is set to propel its revenue and steel tonnage to new heights, driving record-breaking growth in its 46 years of operation.
The Scope of Project Armstrong
Project Armstrong represents a key moment in the automotive industry, particularly in the context of the electric vehicle (EV) revolution. As electric vehicle production continues to ramp up globally, the demand for EV battery manufacturing facilities has surged. FabArc Steel Supply has positioned itself as an essential partner in this sector, leveraging its steel fabrication expertise to meet the demands of high-profile automotive projects.
The $100 million contract entails the supply of 25,000 metric tons of steel, highlighting FabArc's capacity to handle large-scale, high-stakes projects. This significant tonnage is a crucial factor in the construction of EV battery manufacturing facilities that will serve automakers, further reinforcing FabArc's pivotal role in the expanding EV market.
Project Armstrong will kick off in May 2025, with FabArc working alongside general contractor Barton Malow to supply the steel needed for this project. Barton Malow, a trusted name in the construction industry, will collaborate with FabArc to ensure the timely and efficient delivery of the required materials, all while maintaining the high standards of quality expected in the automotive sector.
Driving Record-Breaking Growth
The award of Project Armstrong marks a pivotal moment in FabArc Steel Supply’s 46-year history. As the largest steel subcontractor in Alabama, FabArc has consistently demonstrated its capability to handle large, complex projects across diverse sectors. This contract, coupled with its other recent awards in the EV battery sector, has dramatically boosted the company's growth prospects.
According to Tom Adams, the President, Chairman, and CEO of FabArc Steel Supply, the project’s award has already had a significant impact on the company’s financial trajectory. "This project, along with our previous battery project awards, has propelled our total battery fabrication projects to nearly $300 million in just the first five months of our fiscal year, shattering all previous revenue and steel tonnage records in our 46-year history."
The influx of projects in the electric vehicle sector is fueling this remarkable growth, positioning FabArc Steel Supply as a key player in the EV manufacturing supply chain. With a workforce of over 300 skilled employees and an annual production capacity exceeding 40,000 metric tons of steel, FabArc is well-equipped to meet the needs of fast-track projects like Project Armstrong, while delivering exceptional service to its clients.
Expansion and Workforce Development
In line with its rapidly expanding operations, FabArc Steel Supply has also increased its infrastructure to support its growth. The company operates two manufacturing plants covering over 300,000 square feet of space. This expanded footprint allows FabArc to increase its production capacity, ensuring it can handle the large-scale demands of projects like Project Armstrong.
As a 100% employee-owned company, FabArc is deeply committed to investing in its workforce. The company prides itself on maintaining a skilled, dedicated team, which is integral to its continued success in delivering high-quality steel fabrication for a wide range of industries. The employee-ownership model fosters a culture of responsibility and excellence, where every team member shares in the company’s success.
The Significance of the EV Battery Sector
The electric vehicle (EV) sector is one of the fastest-growing industries globally, driven by increasing consumer demand for cleaner, more sustainable transportation solutions. As governments around the world impose stricter regulations on carbon emissions, automakers are accelerating the shift to electric vehicles. This has led to an increased demand for EV battery manufacturing facilities, which require robust, durable steel for construction.
FabArc Steel Supply has positioned itself at the forefront of this transformation by securing multiple contracts in the EV battery sector, including Project Armstrong. The company’s experience in delivering high-quality steel fabrication solutions for industrial applications, combined with its capacity for handling large-scale projects, has made it a trusted partner for companies looking to build EV battery plants.
A Bright Future for FabArc Steel Supply
With Project Armstrong marking the latest chapter in FabArc Steel Supply’s success story, the company is poised for continued growth in the years to come. The company’s ability to execute large-scale projects, coupled with its strong presence in the expanding EV market, positions FabArc for long-term success. As Project Armstrong moves forward in 2025, it will not only enhance FabArc’s financial performance but also solidify its reputation as a leader in the steel fabrication industry.
FabArc Steel Supply’s commitment to quality, precision, and customer satisfaction continues to drive its success, and with Project Armstrong on the horizon, the company is set to achieve even greater heights in the automotive and EV sectors.
Key Takeaways:
• $100 Million Contract: FabArc Steel Supply has secured a $100 million contract for Project Armstrong, involving the supply of approximately 25,000 metric tons of steel.
• EV Battery Sector Growth: The project reinforces FabArc’s expanding role in the electric vehicle (EV) battery manufacturing sector, a rapidly growing industry.
• Record-Breaking Growth: FabArc’s total battery fabrication projects have reached nearly $300 million in just the first five months of its fiscal year, shattering previous records.
• Partnership with Barton Malow: FabArc will collaborate with Barton Malow, a prominent contractor, to ensure the successful execution of the project.
• 46 Years of Expertise: FabArc Steel Supply has been a key player in the steel fabrication industry for 46 years, with a strong reputation for handling large-scale projects.
• Employee-Owned Company: FabArc is a 100% employee-owned company, fostering a strong work culture focused on excellence and customer satisfaction.
• Capacity for Growth: With two plants covering over 300,000 square feet and an annual production capacity exceeding 40,000 metric tons, FabArc is well-equipped to meet future demands.
• Significance of the EV Industry: The electric vehicle sector's growth is driving demand for EV battery manufacturing facilities, positioning FabArc Steel Supply as a critical player in this market.
