Titomic Secures USD 10.3M EXIM Loan for U.S. Manufacturing Expansion
Key points
- EXIM loans USD 10.3M to Titomic USA, Inc.
- Supports advanced manufacturing in Alabama
- Expected to create dozens of new jobs
Full summary
Titomic Limited, an advanced manufacturing company, has received a USD 10.3M direct loan from The Export-Import Bank of the United States (EXIM) to expand its operations in Huntsville, Alabama. The loan, provided under EXIM's Make More in America Initiative, will support the purchase of a high-pressure cold-spray production cell, enhancing Titomic's ability to manufacture, repair, and restore high-performance metal components domestically. This expansion is expected to create new full-time jobs and strengthen U.S. industrial capabilities in critical sectors.
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