Steel company Esmark restarting Ohio plant
The former operator of Wheeling-Pittsburgh Steel has acquired the defunct steel maker's Yorkville, Ohio, plant and a 50 percent stake in a related joint venture for $6.3 million.
Sewickley-based Esmark said it plans to restart the Yorkville plant in January and hire about 160 workers who will be covered by a four-year contract that has been negotiated with the United Steelworkers union. Esmark will invest more than $15 million to purchase steel sheet and other supplies necessary to restart the mill, which will be known as Ohio Cold Rolling.
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liberal N proud
(60,335 posts)This has to help solidify Obama's lead with news of new jobs in this key state.
ffr
(22,670 posts)Love that!
AllyCat
(16,188 posts)This is an uptick for manufacturing here from American raw materials!
Betsy Ross
(3,147 posts)Kick by posting, but how do I send out a loud YAHOO!
jenw2
(374 posts)There's way too many Republicans in that hell hole that will want to kill it.
doc03
(35,340 posts)restart will only employ maybe 200 at best. Meanwhile the plant I worked in that employed over 2000 3 years ago is going to be scraped. Also Esmark owned the company previously about 4 years ago and their poor management destroyed the company in the first place.
Sirveri
(4,517 posts)I don't know enough about the rest of their operation to really comment, but good paying jobs for American's are typically a good thing unless they're killing better paying jobs in other places to harvest the profit for themselves.
doc03
(35,340 posts)story is where was Gov. Kasich and our Congressman Bill Johnson when they liquidated the
company. We never heard a peep from either one until Esmark made an announcement they were going to restart the plant now everyone shows up in town for credit.
limpyhobbler
(8,244 posts)At 200 jobs it's a shadow of it's former self. But it is good for morale and spirit in the valley to have it running. It does mean a lot to the people who live there. Growing up I had several relatives that worked in exactly that mill.