Steel Mills
Dubai Company to Build Steel Plant in Buffalo
Written by Sandy Williams
September 12, 2013
Dubai-based Alita USA Holdings will construct a $102 million steel plant in Buffalo, NY. The new plant will produce casing pipes used in the oil and gas industries and employ an estimated 172 workers.
Alita president and CEO Ali Hosseini said in an interview with The Buffalo News that the choice of location was between Houston and Buffalo.
“We could not have chosen a better place than Buffalo. In Houston, we would have been one of hundreds, but in Buffalo the attitude there has been so positive and amazing, it made me feel very comfortable,” he said.
Hosseini added Buffalo is close to needed raw materials and a skilled workforce. Building costs are estimated at 25 percent less than in Houston due to more than$10 million of state and local incentives in addition to low electricity costs and property tax breaks.
Construction plans include a 340,000 square foot pipe mill and a 16,000 square foot facility for offices, storage and laboratory. The plant is projected to begin start-up in mid-2015 with an annual capacity of 150,000 tons of high-grade alloy pipe.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
Nucor earnings slump in first quarter, but better times seen ahead
Nucor’s profits fell precipitously in the first quarter, but the company has a rosier outlook for the following quarter.
Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.
Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.
USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.
SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.