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The Business View – September 2015 / News You Can Use
In July AM/NS Calvert announced its intention to expand operations at its north Mobile County facility to produce a high strength and highly formable steel, according to Troy Wayman, vice president of economic development for the Mobile Area Chamber.
The estimated capital investment of more than $87 million includes about $77 million in machinery and equipment and would incorporate nearly $24 million in locally sourced construction labor and engineering services. Company officials say the expansion is expected to create six new jobs with an average annual wage of $65,000.
Specifically, the proposed expansion would include the following components:
AM/NS Calvert, with more than 1,600 employees, has been investing significant capital in its facility. In 2014, the company announced it would hire 16 people and invest $70 million to increase its slab yard storage area.
Click here to read The Business View – September 2015