Severstal accelerating Columbus plant expansion
COLUMBUS — Severstal North America (SNA) has successfully completed the sale of its Warren, OH, Wheeling, W.V., and Sparrows Point, Md., assets to the Renco Group Inc.
The sale of these assets is a key component of SNA’s strategic refocusing, which centers around the development of the company’s Dearborn, Mich., and Columbus facilities.
Severstal also announced it has accelerated completion dates for some of its planned capital improvements, and confirmed the remainder of the improvements will be finished on schedule.
Severstal’s development of the Dearborn plant includes a $740-million modernization program that consists of a new cold rolling complex and galvanizing line targeting critically exposed applications for automotive customers and other original equipment manufacturers.
The $550-million expansion project at the Columbus plant will increase annual steel production to 3.4 million tons and double the plant’s galvanizing capacity.
Upon completion of the capital improvement programs, combined annual steelmaking capacity will reach six million tons, cold rolling capacity at Dearborn and Columbus will increase to 3.6 million tons and galvanizing capacity to 2.4 million tons.
To sign up for Mississippi Business Daily Updates, click here.
2 Responses to “Severstal accelerating Columbus plant expansion”
Top Posts & Pages
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- C Spire launches next phase of 1-gig service rollout
- Alcorn's finances being investigated; CFO resigns
- GOP Sen. Thad Cochran to run for seventh term
- State granted delay in implementing teacher evaluations
- Officials hand mayor projects list totaling $57.7M
- Town given Obamacare insurance break, but faces additional costs in 2015
- Public meeting called to mull future of convention center