SeverCorr
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Severstal Columbus, LLC, formerly known as SeverCorr Corporation, was founded in April 2005 by a group of steel executives including former Nucor Corporation CEO John Correnti. It specializes in "mini-mill" plants, designed to recycle steel into new products suitable for the automobile industry. Its first plant outside Columbus, Mississippi, across from Golden Triangle Regional Airport was completed in August 2007 at a cost of $980 million, and shipped first steel in September of that year. The company is a wholly owned subsidiary of the Russian steel company Severstal. In 2008 the company began a $500 million expansion that will double the mill's size and output to 3.4 million tons by the end of 2011.[1] The expansion will increase employment by 93 people in addition to the 545 already at work.
The plant is a major tenant of the Mississippi Steel Technology Center (MSTC).
References
- ^ Mamrack, Kristin (13 January 2010). "Severstal to beef up production in 2010". The Dispatch. Retrieved 1 February 2010.
External links
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