July 16, 2009
Neal Wagner
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The industrial giant neighborhood surrounding the Golden Triangle Regional Airport Wednesday received its second new tenant in less than a month, economic development officials announced during a Wednesday Lowndes County Board of Supervisors meeting.
Mississippi Steel Processing, an upstart Lowndes County-based toll processing company, in September will begin construction of what is expected to be a 160,000-square-foot plant north of the Severstal steel mill in the Golden Triangle Industrial Park.
The project will bring about a $15 million investment to the county, and will provide more than 50 jobs for area residents, according to company President and Principal Chip Gerber.
“It will be about a 20-acre plot, and the facility will be 160,000 square feet once everything is completed,” Gerber said. “There are about two phases of construction, and they could either be built separately or all together. But that’s how big it will be eventually.”
Once completed, the processing plant will purchase steel coils from Severstal before cutting the metal to meet customer specifications. Because the Mississippi Steel Processing plant will be constructed on the Severstal grounds, the processing company will be able to eliminate freight costs, Gerber said.
Read complete article at Commercial Dispatch.
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