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www.wmfd.com - ArcelorMittal in Shelby plans a $29-million expansion that will create 45 jobs with a $1.9- million payroll.

   
 
 
ArcelorMittal In Shelby Plans Expansion, 45 New Jobs

Story By: Greg Heindel

 

 

 
 
 
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ArcelorMittal in Shelby plans a $29-million expansion that will create 45 jobs with a $1.9-million payroll. The manufacturer of welded and seamless tubes will add a production line, a new furnace, and other equipment. The company has been approved for a 40%, seven-year state tax credit, while Shelby Schools and Pioneer Career and Technology Center have approved ten-year, 100% property tax abatements. Shelby City Council will consider a similar tax abatement next Monday, which would mean the city forgoes $16,000 a year in revenue. The expansion starts later this year and will take 18 months to complete. The new jobs will start being added next year or in 2016, and be phased in over three years. ArcelorMittal also retains more than 600 jobs through the tax incentives.

The following statement can be attributed to Dane Smith, operations manager, ArcelorMittal Shelby:

-       ArcelorMittal Shelby is pleased to announce plans for expansion as part of its growth strategy. A $30 million investment will be made to increase cold drawing and finishing capacities to meet the market demand for increased production of drawn over mandrel (DOM) tube, a product supplied to the fluid power market.

-       ArcelorMittal Shelby has been operating at near to full capacity for years and numerous customers have petitioned Shelby to increase its volume offering to the market. Increased volumes from this expansion will allow the facility to de-bottleneck operations and more fully utilize existing up-stream tube making capacities.  

-       The expansion is expected to begin in Q3 2014 and will last approximately 18 months. The facility currently has more than 630 employees, and this new investment is expected to create another 45 jobs once fully operational.

 

The following statement should be attributed to Edward Vore, CEO, North American Tubular Products, ArcelorMittal:

-       This investment will allow us to return to our historic DOM market share and continue to grow in a profitable market niche. It will allow us to maintain our service performance and give us additional operational flexibility.

-       Our dedicated workforce, coupled with the support we received from many important stakeholders - the City of Shelby, Richland County, state and federal governments, Jobs Ohio and Team NEO, played a critical role in positioning Shelby as an attractive and sustainable place to invest.

 

The following is available on background:

-       ArcelorMittal Shelby, a tubular product facility located in Shelby, Ohio, has been in operations since 1890.

-       Formerly Dofasco Copperweld, the tubular products facility manufactures welded and seamless precision tubes in a variety of steel grades for the fluid power, automotive, construction equipment, farm machinery, oil and gas tooling and service center market. 

-       The facility is recognized as the market share leader of tubular product in the United States, which means it serves as the number one supplier, in volume and sales, in the market.

-       With a current annual capacity of 250,000 tons, the facility is a major employer in Ohio’s Richland county area.   

 

Mary Beth Holdford | Manager, External Communications

 

ArcelorMittal

   
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