MISA to build $37 million steel plant in Osceola
Operated by MSP, a subsidiary of MISA, the new plant will join the company’s existing network of metal processing facilities in North America.
SEATTLE (Scrap Monster): Marubeni-Itochu Steel America (MISA) will build a flat-rolled steel processing plant in Osceola. The more than $37 million project will create 35 new jobs in Mississippi County.
“Our commitment to investing in Mississippi County reflects our confidence in the region’s potential and its skilled workforce. We are excited to contribute to the local economy and bring sustainable job opportunities to the area. This $40 million investment is a testament to our efforts to increase our business in North America and contribute to the economy,” said Toshio “Tony” Namiki, president and CEO of MISA.
The MISA specialty processing plant will be located adjacent to Big River Steel. The center will service customers from various industries, including automotive, across the south-central United States.
Operated by MSP, a subsidiary of MISA, the new plant will join the company’s existing network of metal processing facilities in North America.
“MISA Specialty Processing (MSP) is thrilled to announce the opening of our newest coil processing facility in Mississippi County, Arkansas. This region has a rich legacy of supporting the steel industry, and its values are very much in line with those we hold at MSP. We truly appreciate the welcoming spirit of Mississippi County and are eager to become a lasting member of this vibrant community. We look forward to collaborating closely with local stakeholders and contributing to the continued growth and success of the area,” said Chris VanDeventer, president of MSP.
A timetable for completing the project was not released.
“From our skilled workforce to our strategic location, there’s a reason why Mississippi County is recognized as an industrial powerhouse,” said Clif Chitwood, CEO of the Great River Economic Development Foundation. “We’re excited to welcome MISA to the ‘Land of Steel.
Courtesy: www.talkbusiness.net