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”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- UMMC reaching out after death of high school football player
- Former Godwin CEO Danny Mitchell dies at 66
- Northrop Grumman lands $354M Air Force contract for Global Hawks
- MDOT: Work on I-269 is on schedule, several phases at halfway point
- BLAKE WILSON: Danny Mitchell was a remarkable business leader, a better friend
- Delta Council says condition of Highway 6 'of crisis dimensions'
- More school districts join MAEP lawsuit brought by Musgrove
- Thousands of acres of Delta farmland to go on auction block
- Court tosses challenge to Miss. Silicon’s clean air permit