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Tag Archives: Severstal

Aluminum maker, Golden Triangle developers at odds over $1.2 billion project

By JACK WEATHERLY The Columbus area economic development organization has put the 826-acres it has set aside for American Speciality Alloys back on the market, alleging that the startup that plans a $1.2 billion aluminum plant has not been acting in good faith recently. Joe Max Higgins, chief executive of Golden Triangle Development LINK, said Tuesday that the startup company ...

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Severstal completes the sale of Columbus plant to Steel Dynamics

COLUMBUS — Russian steel company Severstal has completed its sale of a pair of steel plants to AK Steel and Steel Dynamics. In a statement from Severstal’s press office, CEO Alexey Mordashov confirmed yesterday the sale of Severstal Columbus, LLC, which is located in northeast Mississippi, to Steel Dynamics Inc. and Severstal Dearborn, LLC to AK Steel. Severstal, one of ...

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Severstal-Columbus fined for faulty pollution-control system

COLUMBUS — The Mississippi Department of Environmental Quality has fined Columbus steel mill Severstal $135,000 because the company’s pollution-control monitors didn’t function properly after the plant expanded in June 2011. The company agreed to pay the fine May 12. It’s the largest environmental fine assessed by Mississippi since it fined Denbury Resources $662,500 last year over a 2011 oil well ...

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Severstal selling plants, including Severstal Columbus

COLUMBUS — Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. Word of a possible sale began to circulate earlier this year as the West threatened sanctions against Russia for its activity in the Ukraine, but Severstal has not among those companies targeted by ...

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Airbus Helicopters to make AStars in Golden Triangle

COLUMBUS —Airbus Helicopters Inc. (formerly American Eurocopter) is bringing production of AStar helicopters to Columbus. WCBI reports company officials made the announcement yesterday. “The plant here in Columbus has been in charge of Lakota. Our next step, which has been decided, is the production of the AStar — the very successful helicopter AStar — here in Columbus, Miss. We will ...

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MAN OF STEEL: Madhu Ranade leading Severstal Columbus

One of the largest development projects in Mississippi in recent years has been the Severstal steel plant in Columbus. This innovative “mini-mill” recycles steel for use in the auto industry and many other applications. Between the phase one project (completed in 2007) and phase two (completed in 2011), over $1.4 billion has been invested in this “state of the art” ...

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Silicor future uncertain as deadline passes

COLUMBUS — Solar silicon maker Silicor Materials has missed another deadline. The company failed to put up $150,000 in escrow money to show good faith and seal a deal that would have meant hundreds of new jobs to Lowndes County. The Lowndes County Board of Supervisors in December agreed to extend the start date for Silicor to June 30, 2013. ...

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Miss. economic head: No politics in site selection

By SHELIA BYRD JACKSON — Lawmakers are asking the head of Mississippi’s economic development agency why the Delta and the southwestern part of the state are often overlooked for major industrial projects. Gray Swoope, executive director of the Mississippi Development Authority, told members of the House Ways and Means Committee last Tuesday that industries have their own consultants when it ...

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