Danieli to build JSW Steel “Plate Mill of the Future” in Texas for higher quality and precision
June 26, 2017
Source: ASM International
JSW Steel (USA) Baytown, Texas, has received preliminary Board approval, contingent upon securing governmental financial support, to proceed with a full-scale modernization project expected to take approximately 20 months to complete. The new state-of-the-art discrete plate mill will significantly increase product offerings while improving customer service with exceptional quality. "While perfecting the unique plate and contiguous pipe mill facility in Baytown over the last two years, our engineering teams have been concurrently working to design the 'Plate Mill of the Future,'" says John Hritz, President and CEO of JSW Steel (USA).
JSW (USA) has awarded the project to Danieli, a world leader in steelmaking technology. "Danieli is the perfect partner for the modernization because they have been in business for more than 100 years and understand the level of quality and precision that the project will require."
As part of JSW's vision for the future, the plate mill modernization is the first phase of a much larger project under consideration by the Board. The second phase includes the construction of a new state-of-the-art melting and casting facility in the United States, utilizing new technologically superior and eco‑friendly processes. A location has not yet been determined for the melting and casting facility. If fully implemented, the new melting and casting facility is expected to create 500 new high wage American jobs over the course of three years. It would also increase JSW (USA)'s ability to supply defense, as well as energy pipeline and domestic infrastructure projects, a goal of the Trump administration for both national security and economic reasons.
"This is the perfect time in U.S. history to implement our vision; we finally have an environment that supports the expansion and technological advancement of the domestic steel industry," Mr. Hritz added. "We feel this project is fully in sync with rebuilding the American infrastructure promoted by the Trump administration."
"With this modernization, JSW (USA) will become a low cost producer of exceptional, high quality plate and will be able to significantly increase market share in the ever-strong U.S. market," said Parth Jindal, Director, JSW (USA). "With the thrust on manufacturing back, JSW feels there is no better time to invest in the U.S. market. The JSW Group's consideration to invest in JSW Steel (USA)'s expansion represents a vote of confidence in the future of U.S. manufacturing."
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