La Ala life for ThyssenKrupp Plant
MOBILE, Ala. (AFX) - German steel producer ThyssenKrupp AG on Wednesday it has reduced its quest for Alabama and Louisiana for the construction of a 2.9 billion dollar steel and stainless steel manufacturing sector the USA
The company, headquartered in Dusseldorf, took over the Arkansas, as he turned to sites near the Gulf of Mexico, the river offers access to industry. The announcement of each state could intensify many dollars in the ground command of the installation, 2700 employees, conducted in 2010 and as many as 29000 jobs during the construction phase.
The land set aside in Alabama, nearly $ 1 billion in tax loans for the reconstruction of Hurricane Katrina Recovery for an industrial project of the port city of Mobile, without mention of ThyssenKrupp or disclosure of the potential site.
The Louisiana legislature has $ 300 million a package of incentives to attract the installation of a side along the Mississippi River in St. James Parish between Baton Rouge and New Orleans.
Thomas A. Danjczek, president of the Washington-based Steel Manufacturers Association, went to the State which has the advantage, but said he hoped that the two countries have no other producers a competitive disadvantage with their offers. He said he hoped that the States to play the rules of the World Trade Organization to prohibit certain subsidies.
“We believe that the government should be the role of subsidies to steel mills, Danjczek said. He said the law” is very delicate “, which allows.
Dir LA Kathleen Blanco said she was convinced that their country could condition of the plant, partly because the Mississippi, a mere conduit access to the site.
“I would say that Alabama is a tough opponent, but we have the Mississippi River and is a huge advantage,” she said in a conference call with journalists.
Blanco said that the companies invited to visit, Dusseldorf and his Tour-fi, even if it has no fixed plans, nor for the trip.
Dir Alabama Bob Riley, said the state is still “in close collaboration with officials of ThyssenKrupp as their final decision to take.”
“ThyssenKrup is a world-class company and we will do everything we can convince their leaders to Alabama at home for these State-of-the-art facility manufacturing and processing,” he said in a statement .
The two countries have maintained their bids secret.
Alabama self-transformation of the industry, Mercedes, Honda and Hyundai plants, combined with their existing Steel Making Industry, the State could be an advantage in competition, “said Dr. Carl E. Ferguson, professor emeritus at the University of Alabama’s Center for Business and Economic Research.
He said, Alabama has a very long history in steel, raw materials and energy is crucial for the production of steel, and the spread of the arteries of transport from the port of Mobile.
The state of the steel industry infrastructure already includes plants in Mobile, Decatur and Fairfield, near Birmingham, which was once known as the “Pittsburgh South in the production of steel, but it is a medical centre and financially.
“We are still examining a multitude of factors,” said Jürgen fencers, president of the Executive Board of ThyssenKrupp Stainless AG, a unit of ThyssenKrupp. “Agents in the three countries have been very cooperative and responsive as we have our examination and analysis. ”
The new ease of manufacturing and validation procedures Carbon Steel, Stainless Steel and high value to customers throughout North America, including car manufacturers, companies and manufacturers of precision equipment and machinery.
The new plant in the USA with a broadband hot slabs drive the company to the new steel plant in Brazil. It is also cold-rolling and fire coating high quality capacity finished flat products of stainless steel and have an annual production capacity of 4.5 million tonnes per annum.
Shares of ThyssenKrupp were up nearly 1.6 percent to $ 47.38 in trading in Frankfurt.
Copyright 2006 Associated Press. All rights reserved. This material may not be published, and much more, reformulate or another.
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