New Steel Plant a Possibility for Memphis

[cdarr]

This article appears in Thursday's C.A. -

http://www.commercialappeal.com/mca/busine...4872958,00.html

This would be a good development to shore up Memphis' long-underperforming manufacturing base. The old Birmingham Steel plant was a major disaster from the public's point of view, considering PILOT funds given up and the dollars spent to build infrastructure, such as roads and a small harbor off of the Mississippi.

It's unclear from the article whether Nucor would build an entirely new plant, or expand the old Birmingham plant, which they own.

Note that the plant would make steel products for use in automotive manufacturing. So here's another element of the auto industry potentially making its way into the Memphis area. Perhaps a full-fledged auto plant isn't too far behind.

[Clobber]

This article appears in Thursday's C.A. -

http://www.commercialappeal.com/mca/busine...4872958,00.html

This would be a good development to shore up Memphis' long-underperforming manufacturing base. The old Birmingham Steel plant was a major disaster from the public's point of view, considering PILOT funds given up and the dollars spent to build infrastructure, such as roads and a small harbor off of the Mississippi.

It's unclear from the article whether Nucor would build an entirely new plant, or expand the old Birmingham plant, which they own.

Note that the plant would make steel products for use in automotive manufacturing. So here's another element of the auto industry potentially making its way into the Memphis area. Perhaps a full-fledged auto plant isn't too far behind.

I don't see why they would build a new plant when they haven't done anything with an essentially new BhamSteel plant.

Also, Cummins is looking for a new manufacturing site. Don't know if the mid-south made the recent cut. They're going to manufacture efficient light-duty diesel engine. They already have a site in Memphis. That would be cool to add to the Jackson engine plant, might complement the light-truck production at Hino in Arkansas, and might help draw in more automotive industry.

Great news from Nucor.

[cdarr]

http://www.commercialappeal.com/mca/busine...4875537,00.html

More details about Nucor...PILOT was approved on Thursday by the Industrial Development Board. Some key points from this article.

*225 jobs with median wages of $68,000 annually. Nearly double Shelby Co. per capita income.

*It will be the only plant in the U.S. making high-quality carbon and alloy rounds for automotive and heavy equipment industries.

*A VP from the Regional Chamber believes this steel plant would help attract an auto plant.

[Clobber]

http://www.commercialappeal.com/mca/busine...4875537,00.html

More details about Nucor...PILOT was approved on Thursday by the Industrial Development Board. Some key points from this article.

*225 jobs with median wages of $68,000 annually. Nearly double Shelby Co. per capita income.

*It will be the only plant in the U.S. making high-quality carbon and alloy rounds for automotive and heavy equipment industries.

*A VP from the Regional Chamber believes this steel plant would help attract an auto plant.

And it looks like there will be some kind of land acquisition, so whether it's an expansion or a new plant, some new construction will occur.

[Hankster]

Wonderful news! Nucor is the most progressive steel manufacturer in the US. My guess is that this new plant will produce higher quality steel at lower costs than the old Birmingham Steel plant. Any time you hear about 225 very high paying jobs coming into an area, it's time to celebrate!

[Rural King]

Wonderful news! Nucor is the most progressive steel manufacturer in the US. My guess is that this new plant will produce higher quality steel at lower costs than the old Birmingham Steel plant. Any time you hear about 225 very high paying jobs coming into an area, it's time to celebrate!

I whole-heartedly agree!!! 225 jobs at over 60K a year is great news. I am very glad to hear Memphis is landing this.

[Clobber]

Yesterday's Daily News made it appear that it's not quite a done deal . . . yet. Not trying to ruin the mood, I just don't want to be overly presumptuous.

[Rural King]

^ True. It looks pretty good though.

Did anyone know that Jackson has a Steel Mill? Gerdau operates a plant there that recycles scrap steel too. I think its a little known aspect of the city's industrial base for many outside the area, but it recently was spotlighted by the Jackson Sun for having been in operation for over 25 years in Jackson.

[bluff2085]

Here's the latest from the CA. I really hope we get this one, although the article mentioned we are still competing with at least 4 other cities.

Memphis awards Nucor PILOT

[bluff2085]

It's official! Nucor chooses Memphis site for its $225 million steel mill... article

*will employ 225 people

*median wage: $65,895

article excerpt:

"Memphis has been competing with at least four other cities for the mill that will produce high-quality carbon and alloy rounds for the heavy- equipment and automotive industries. Its production capacity will be 850,000 tons.

"Not only will it draw other industry closer to that raw material location, it will also make us a more attractive target for automotive supply companies and assembly plants," Mark Herbison, the chamber's senior vice president for economic development, said at the IDB meeting. "This is the pre-eminent American steel company."

[Clobber]

sweet.

[Rural King]

Awesome news!! Gotta' love that median worker salary figure!!!

[Fellowmann20]

nice.