Steel Mills
Ternium USA Announces $14.7 Million Expansion in Louisiana
Written by Tim Triplett
October 23, 2018
Ternium USA Inc. will invest $14.7 million to expand and upgrade its facility at The Port of Caddo-Bossier in Shreveport, La.
Ternium will overhaul its galvanizing line and complete other capital upgrades to optimize plant operations and logistics. Upgrading the galvanizing line will yield an additional 42,000 metric tons per year of coated products.
“In keeping with the goal to improve and expand our product and service offerings to customers, Ternium has renewed its commitment to collaborate in achieving growth and development of the Caddo Parish area by adding a $14.7 million capital investment to its manufacturing facility in Louisiana,” said Ternium USA President Michael Guhl.
Through the project, the company will retain 150 existing jobs and create six new direct jobs with an average salary of $65,000, plus benefits. Louisiana Economic Development estimates the project will result in 16 new indirect jobs, for a total of 22 new jobs in Louisiana’s Northwest Region.
“Ternium’s expansion at The Port of Caddo-Bossier is a vote of confidence in the effectiveness of our port system, the talent of our people, and the strength of our business economy,” said Gov. John Bel Edwards. “The decision to upgrade this facility sends a message that Louisiana is well-positioned for foreign direct investment projects to thrive.”
Ternium is Latin America’s leading flat-steel producer, with operating facilities in Mexico, Brazil, Argentina, Colombia, the southern United States and Central America. The company offers a broad range of high value-added steel products for customers active in the automotive, home appliances, construction, capital goods, container, food and energy industries through its manufacturing and service center network, and advanced customer integration systems.
Tim Triplett
Read more from Tim TriplettLatest in Steel Mills
U.S. Steel sues Algoma over iron pellet shipments
U.S. Steel is suing Algoma over the Canadian flat-rolled producer's rejection of iron pellet shipments, arguing it has breached its contract.
August US mill shipments slip but still higher than last year
The American Iron and Steel Institute reported a decline in the monthly shipments of US mills from July to August.
TransPod, Algoma, Supreme Steel linkup anchors Canadian steel in high-speed transit build
The three Canadian companies have announced a strategic partnership to support the development of an ultra-high-speed transit line from Edmonton to Calgary.
Metallus, USW agree to tentative four-year labor deal
Metallus and the United Steelworkers (USW) have agreed to a tentative four-year labor contract.
ArcelorMittal Dofasco resumes cokemaking after emergency maintenance
The Canadian steelmaker reported on Sept. 30 that “urgent maintenance” was needed in its coke plant off-gas systems. The work required coke oven gas from the No. 2 coke plant to be flared for most of that week.