Minneapolis' Smith Foundry, owned by Zynik Capital, settles with EPA to shut down furnace and casting processes, convert to metal finishing, reduce emissions, and pay $80,000 fine.

Minneapolis' Smith Foundry, owned by Zynik Capital, has agreed to a settlement with the EPA, committing to shut down its furnace and casting processes within a year, and converting to a metal finishing facility. The decision aims to drastically reduce emissions and pay an $80,000 fine. The settlement is seen as beneficial for the East Phillips neighborhood, which has been historically impacted by pollution.