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Business View – October 2020 / Business News
Steel producer ArcelorMittal announced in August an approximately $500 million expansion at the AM/NS Calvert mill located in north Mobile County.
The project is expected to create nearly 300 new jobs, as the mill adds an electric arc furnace. Currently slabs of steel are brought in via ships from Brazil. With this expansion, slabs will be produced on site. It is expected to take 24 months to complete, with more than 500 on-site construction jobs added, according to company officials.
Team Mobile has worked on this project for nearly two years, according to Mobile Area Chamber Vice President of Economic Development David Rodgers. “Having this type of expansion in our community continues to set Mobile apart in advanced manufacturing.”
“One of Governor Kay Ivey’s top priorities is helping companies grow and create jobs in the state, so we fully support the decision by AM/NS Calvert to significantly expand its steelmaking operations in Mobile County,” said Greg Canfield, secretary of the Alabama Department of Commerce. “This investment will enhance AM/NS Calvert’s competitive position and expand its capabilities while also delivering a massive economic impact on Alabama.”
Mobile County Commissioner Merceria Ludgood represents District 1 of Mobile County, where AM/NS Calvert is located. “We are excited about the announcement,” she said. “This means good jobs and a significant investment in our county.”
Alabama Power was involved in the recruiting process. “We have been pleased to work alongside ArcelorMittal since 2013,” said CEO Mark Crosswhite.
ARCELORMITTAL EXPANSION AT AM/NS CALVERT
INVESTMENT: $500+ Million
CONSTRUCTION JOBS: 500
ESTIMATED TIMELINE: 24 months
Click here to read the Business View – October 2020
Additional information is on the Mobile Area Chamber of Commerce’s website at mobilechamber.com, on Facebook at @MobileChamber and Twitter at @MobileChamber.