Steel Manufacturer Expects $875M Factory to Cut Foreign Dependency [Yahoo! Finance]
CSX Corporation (CSX)
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Source: Yahoo! Finance
The manufacturer of large steel components expects the project to reach $875 million in investments and create up to 625 jobs. The company did not provide details regarding when the facility would begin production. USFR makes specialty steel products and large-diameter steel fabrications. Products include critical service fabrications, specialty tubulars and forgings used in power generation, industrial components and a variety of other industries, like the marine, mining, defense and Liquid Natural Gas (LNG) markets. USFR anticipates the project will occur over three phases, with the first two adding 625 jobs. The company will locate the manufacturing facility next to Nucor Steel's processing plant through a supply chain partnership and sit along the Chowan River, which feeds into the Albemarle Sound and then the Atlantic Ocean. “This investment into the first two phases of our Hertford County facility will bring good paying jobs back to America, substitute imports, lower dep
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CSX
News
- Should Investors Buy CSX Stock Post Its Latest Dividend Hike? [Yahoo! Finance]Yahoo! Finance
- Is CSX Corporation Stock Outperforming the Nasdaq? [Yahoo! Finance]Yahoo! Finance
- CSX Rewards Shareholders With 8% Hike in Quarterly Dividend [Yahoo! Finance]Yahoo! Finance
- CSX raises dividend by 7.7% to $0.14 [Seeking Alpha]Seeking Alpha
- CSX Corporation Announces Increase to Quarterly DividendGlobeNewswire
CSX
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- 1/22/26 - Miss
CSX
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- 3/2/26 - Form 4
- 3/2/26 - Form 4
- 3/2/26 - Form 4
- CSX's page on the SEC website