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Steel Company Buys Land at Washington Sea Port for New $40 Million Facility

Farwest Steel Corporation's purchase of 20 acres of land (a $5.1 million investment) from The Port of Vancouver USA is anticipated to bring up to 225 industrial jobs to Vancouver, Washington, reports the Portland Business Journal.

This July, the company will break ground on a new $40 million Clark County facility designed to consolidate some of the distribution, processing and fabrication activity now operating in numerous facilities located in Oregon, Washington, California, Idaho and Utah.

Farwest will relocate 100 employees to the port facility, and anticipates creating 125 more jobs there in the future. On average, the positions will pay an average annual salary of $40,000.

Established in 1956, the Eugene, Oregon-based firm is a leading processor, fabricator, and distributor of carbon steel products. It mainly serves clients in the Western U.S.

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