ThyssenKrupp selects AL site for steel plant

[Southron]

ThyssenKrupp reportedly is interested in purchasing U.S. Steel, a deal that could affect Alabama operations for both companies. Steel industry analysts said that ThyssenKrupp doesn't have enough cash to both build the new mill and make an acquisition. ThyssenKrupp's U.S. spokesperson said Friday that the company was committed to building the new mill in Mobile.

Mobile Press-Register: Steel deal could affect Alabama

Surely TK isn't going to back out now...

[elb401]

I don't think that they will...

[Southron]

^Me neither, but those kinds of rumors are scary.

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The Mobile Chamber of Commerce is looking for 20-30,000 sq. ft. of free office space for ThyssenKrupp. Site work is already under way on the plant site, and some ThyssenKrupp executives and plant construction managers are already in Mobile working and looking for houses. According to company officials, construction should begin later this year.

Mobile Press-Register: Chamber seeks free office space for ThyssenKrupp

[Southron]

According to a ThyssenKrupp executive, the capacity of the Mobile plant could eventually be doubled to 10 million tons of steel. Initial capacity will be 4 million tons of carbon steel and 1 million tons of stainless.

Over 5,000 jobs eventually? Incredible.

Mobile Press-Register: Inside ThyssenKrupp

[elb401]

That would be awesome. I hope Mobile gets this huge boost!!

[Rural King]

Congrats to Mobile on landing the Thyssen-Krupp plant! The future economic potential of the plant on region is pretty staggering, and could move beyond staggering if production and employment at the plant in the long term were to literally double.

[Southron]

According to a new study by University of South Alabama economics professor Semoon Chang, Southwest Alabama cities and counties can expect about $3.7 million a year in extra tax revenue from the ThyssenKrupp steel mill. Those figures include about $1.5 million a year for Mobile County and $1.35 million a year for the city of Mobile.

Mobile Press-Register: TK may increase revenue $3.7 million

[Southron]

ThyssenKrupp officially breaks ground today on the new steel plant.

Mobile Press-Register: ThyssenKrupp's $3.7 Billion Bet

Birmingham News: ThyssenKrupp forging ahead

[Southron]

According to a ThyssenKrupp official, construction of the Alabama plant is on time and in budget thus far. Within the next three months, a contractor should begin driving pilings for the plant foundation. The Alabama State Port Authority has started work on a new Pinto Island terminal to off-load steel slabs from Brazil, and ALDOT has awarded a contract to build a flyover from U.S. 43 to the plant site.

Many of the company employees now on site are Germans, expected to hold about 50 of the 2,700 permanent plant jobs.

Birmingham News: Nearly a year after decision, ThyssenKrupp planting roots in Alabama

[Southron]

ThyssenKrupp officials expect that foundations will be poured for plant facilities in August of this year. Site preparation is well underway and concrete pilings are being driven into the ground to support the foundations.

ThyssenKrupp work progresses

[Southron]

In order to cut costs due to the global economic recession, ThyssenKrupp will delay the opening of the stainless steel operation at the new plant for about a year, until October 2010. The opening of the larger carbon steel unit of the plant will not be delayed.

ThyssenKrupp steel plant delays 1 unit

[Southron]

As part of corporate cost cutting, ThyssenKrupp will delay finishing two berths at the plant's river terminal. Those berths were for the stainless unit, but the other three berths will be finished as originally planned.

Construction halted on ThyssenKrupp river terminal

[Southron]

ThyssenKrupp wants to sell its stainless steel unit, which could potentially leave the plant in Calvert with two owners. Parts of the plant would then have to be shared by the two operations.

ThyssenKrupp says it wants to divest stainless unit