Ground broken for two new steel plants
COLUMBUS — Gov. Haley Barbour, officials from Mississippi Steel Processing and New Process Steel and state and local leaders gathered yesterday for a joint groundbreaking ceremony for the companies’ new steel processing facilities, which will be located at the Severstal site in the Golden Triangle Industrial Park in Columbus.
Both companies will process steel for Severstal, in addition to other steel companies.
Mississippi Steel Processing is investing $15 million in its new Columbus facility, and New Process Steel’s new facility represents a $10-million company investment; the two companies will create 55 and 30 new jobs, respectively.
A start-up company based in Columbus, Steel Processing is a toll processor for hot rolled sheet steel that will provide leveling, slitting, storage and logistics services. The company will also fabricate light flat rolled steel products.
New Process Steel is a light-gauge cold rolled and coated steel processor. The company is headquartered in Houston, Texas, and operates five manufacturing operations in the United States and one in Mexico.
The Mississippi Development Authority (MDA) provided funding for public infrastructure improvements to assist Mississippi Steel Processing and New Process Steel with the construction of their new facilities. Additionally, the Appalachian Regional Commission and Lowndes County provided funding to help facilitate these projects.
In addition to the jobs being created by Mississippi Steel Processing and New Process Steel, Severstal is expanding and adding 35 new jobs at its facility, bringing the total number of jobs created among the three companies to 120. Severstal’s expansion will enable the company to pursue new opportunities in the growing industrial markets in the southern United States and Mexico, and the project will allow the plant to double its crude steel capacity to 3.4 million tons. Severstal supplies steel products for the automotive, construction and distributor sectors, among others.
To sign up for Mississippi Business Daily Updates, click here.
2 Responses to “Ground broken for two new steel plants”
Top Posts & Pages
- Barbour to lead Butler Snow economic development firm
- Kemper plant employee gag order continued
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- Delta State conference brings renowned speakers
- (UPDATE) Judge rules on Google request on attorney general inquiry
- The leadership styles of President Obama
- Digital Editions - magazines
- Ex-prison boss and businessman admit to bribery scheme
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game