Dennen Steel will locate a manufacturing plant in Iuka, Mississippi, investing $7.4 million and creating 50 jobs. The facility will serve the company's southeastern customers.

"The Mississippi Development Authority, Tishomingo County, and the Tennessee Valley Authority really went to bat to provide assistance and support to Dennen," said Andrew Dennen, chairman of Dennen Steel. "They played an instrumental role in our decision to establish our southern operation at Yellow Creek Port."

The company will produce steel slit coil, precision stampings, fabricated metal parts, and tooling and assemblies in the 50,000-square-foot facility.