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
- DAVID DALLAS — Roger Wicker: Profile in discouragement
- Ecolab reducing Columbus workforce
- Tommy Robertson indicted on five counts of embezzlement
- State's ventures into alt-fuel markets net few jobs
- BILL CRAWFORD — More jobs, but fewer with jobs, huh?
- Lab owner loses challenge to 40 months in waste case
- ANITA MODAK-TRURAN — Mississippi’s motion picture renaissance
- MSU-CVM professor leads major reference publication
- Watch out for wildlife while driving on roads, highways