Gerdau Ameristeel Expanding in Calvert City, Kentucky, With State Incentive Aid
09/15/2010
Incentives for a New Kentucky, a state incentives program, is helping fund the project. The company has been pre-approved through the Kentucky Reinvestment Act to receive up to $6 million.
"As a proud Kentucky corporate citizen, Gerdau Ameristeel appreciates the support provided by state and city officials in this important investment project, with particular thanks to the efforts of Governor [Steve] Beshear," says Terry Donovan, a manager at Gerdau Ameristeel in Calvert City. "Our Calvert City employees also played an important part in the company's decision to bring this investment to Calvert City, in recognition of their high level of engagement and productivity."
The new furnace will offer up to 30 percent better productivity, and a 20 percent reduction in gas consumption.
Most Read
- Front Line: Construction Industry Faces a Labor Shortage
- First Person: Disruptive Technologies Changing the Business Landscape
- Due Diligence: Thoroughly Investigating the Technical Aspects of a Site
- What Does Industry 4.0 Mean for U.S. Manufacturing?
- 32nd Annual Corporate Survey & the 14th Annual Consultants Survey
- 2017 Top States for Doing Business: Georgia Ranks #1 Fourth Year in a Row
- How Millennial Workforce Trends Are Affecting Business
SPECIAL PRESENTATIONS
-
West Coast "Tech" Cities Top List, Smaller MSA's Show Workforce Chops
-
2017 Gold & Silver Shovel Awards Recognize States Compiling Healthy Rosters of New and Expanded Facilities
-
2017 Top States for Doing Business: Georgia Ranks #1 Fourth Year in a Row
-
31st Annual Survey of Corporate Executives: Confidence in U.S. Economy, Need for Investment in Infrastructure Reflected