CALVERT, Alabama – With a groundbreaking ceremony this week, ArcelorMittal and Nippon Steel Corp. marked the official launch of a $775 million project to construct a massive new steelmaking facility at their AM/NS Calvert production site near Mobile.
“Alabama and the steel industry go hand in hand, and I am proud to see continued growth through AM/NS Calvert’s $775 million expansion,” Governor Kay Ivey said. “Shovels have officially hit the dirt, and I look forward to the advancements this project will bring.
“Alabama continues to prove to be the place for business and industry,” she added.
Once completed, the planned facility will be capable of producing 1.5 million metric tons of steel slabs for AM/NS Calvert’s Hot Strip Mill and producing a broad spectrum of steel grades required for the company’s end user markets.
Construction is expected to take 24 months, and the new facility is anticipated to create 200 direct and 100 indirect jobs in the community.
“When two of the leading steel companies – ArcelorMittal and Nippon Steel – make a significant investment such as this, the world takes notice,” said Bill Sisson, president and CEO of the Mobile Area Chamber of Commerce.
“This announcement shows a great confidence in the Mobile area, and for that we are grateful. The capital investment and construction, along with the hundreds of permanent and in-direct jobs will benefit area suppliers and local families for years to come,” Sisson added.
‘ECONOMIC IMPACT’
ArcelorMittal calls AM/NS Calvert the world’s most advanced steel finishing facility.
It was originally built by ThyssenKrupp, with a total investment of around $4 billion. ArcelorMittal and Nippon Steel acquired the facility in 2014, and the partners have invested more than $200 million in strategic projects in Calvert since its acquisition. It has over 1,600 employees.
ArcelorMittal announced the expansion project in Alabama in August 2020.
“This investment will enhance AM/NS Calvert’s competitive position and expand its capabilities while also delivering a massive economic impact on Alabama,” said Greg Canfield, Secretary of the Alabama Department of Commerce.
The company has broken ground at the site, which was commemorated on Tuesday with a small gathering of internal leadership.
“While the team at AM/NS Calvert would prefer thanking each of our supporters who were critical to the approval of this project in-person, we look forward to celebrating this achievement when the new facility comes online in H1 2023,” said AM/NS CEO Jorge Oliveira.
“We certainly could not have gained approvals for this investment without the support of our government and community stakeholders.”
(Courtesy of Made in Alabama)
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