American Cast Iron Pipe Company Secures $10M Financing for Birmingham Manufacturing Upgrade

## American Cast Iron Pipe Company Receives $10M Investment for Facility Modernisation UB Community Development, LLC (UBCD), a community development affiliate of United Bank, has announced a $10 million New Markets Tax Credit (NMTC) financing package to support the modernisation of manufacturing operations at the American Cast Iron Pipe Company (ACIPCO) in Birmingham, Alabama, according to a PR Newswire release dated June 25, 2026. The investment will fund upgrades to furnaces at ACIPCO's Birmingham facility, a move that carries significance for the broader pipeline and waterworks supply chain. ACIPCO is a long-established domestic manufacturer of ductile iron pipe, fittings, and related products widely used in water infrastructure, industrial, and marine-adjacent applications across the United States. ### Relevance to Maritime and Port Infrastructure While primarily an industrial manufacturing story, the investment holds indirect relevance for the maritime sector. Cast iron and ductile iron pipe products manufactured by companies such as ACIPCO are integral components in port facility water systems, shipyard infrastructure, and coastal industrial installations. Strengthening domestic manufacturing capacity for these materials supports supply chain resilience for port authorities and marine construction contractors who depend on reliable, locally sourced pipeline products. The use of New Markets Tax Credits — a federal programme designed to stimulate private investment in low-income communities — underscores a broader trend of directing capital toward revitalising American heavy industry in regions that anchor critical supply chains. ### Community and Economic Impact UBCD's participation reflects United Bank's stated commitment to community development lending in underserved markets. Birmingham, Alabama has historically been a centre of iron and steel manufacturing, and investments of this nature are seen as vital to preserving industrial employment and technical expertise in the region. Specific details regarding the timeline for furnace upgrades and projected production capacity improvements were not disclosed in the announcement. *Source: PR Newswire*