County approves loan for steel plant upgrades
Published: June 20,2011
LOWNDES COUNTY — Lowndes County has approved a $250,000 loan for Mississippi Steel Processing and New Process Steel to continue infrastructure improvements at the county’s industrial park.
The county received a Community Development Block Grant from the Mississippi Development Authority for roads, water, sewer and rail projects.
The $250,000 will be borrowed from the state to continue the work. It will be repaid by MSP, which is located on the Severstal campus in the industrial park.
Since opening earlier this year, MSP has rolled along announcing four future expansions and jobs.
The steel processor cuts the materials to size for customers.
The expansions will be for railroad, storage and a second slitting line in the MSP facility.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- New Mississippi state highway map is available for the public
- DAVID DALLAS: Who in the Hell are We?
- Tanger Outlets involved in Southaven project
- Shale oil: market correction or longterm direction?
- Ikea confirms plan for Memphis store
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Ingalls to lease former SRHS clinic in Gautier for employee medical center
- McCrory joins Epps in asking for trial delay
- Former Lane Furniture plant sold for $1.45 million