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Steel Manufacturer Expects $875M Factory to Cut Foreign Dependency [Yahoo! Finance]
Last csx corporation earnings: 4/22 04:02 pm
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US:NYSE Investor Relations: csx.com/index.cfm/investors/news-releases
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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