Flack Global Metals Eyes Processing Plant in Osceola, Arkansas
11/14/2019
FGM, a leading metals service center, has plans to invest approximately $150 million and create more than 150 new jobs with its business expansion plan.
This investment, if completed, will add production capability to the Big River Steel campus for pre-painted steel and aluminum coils. Downstream slitting, blanking and embossing are being developed to further add value to painted material and to complement FGM's growing business platform. FGM hopes to begin construction on the facility in the summer of 2020 and to commission the facility in late 2021.
Dave Stickler, Big River Steel's CEO, indicated that the Big River Steel team is working closely with the state of Arkansas and the Arkansas Economic Development Corporation to attract FGM from a previously identified site in another Midwest state.
"We look forward to continuing to collaborate with FGM on the development of this advanced facility and are thrilled about the value it could bring to Arkansas," said Mr. Stickler.
"The state-of-the-art facility will not only leverage the latest in coil coating technology but also strategically position us to be a market leader in the production of surface and flatness critical steel and aluminum materials across a wide variety of applications," said FGM Founder & CEO Jeremy Flack.
Big River Steel invested $1.3 billion to build and start up the world's first Flex Mill®, a steel mini mill focused on the production of a wide product spectrum, including advanced automotive steels and electrical steels. Since operations began in early 2017, Big River Steel has provided steel products to over 200 customers in the automotive, energy, construction and agricultural industries. At Big River Steel, there's no talk of the status quo. True innovation leads to growth and is rebellious.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
How to Overcome NIMBYism in Data Centers
Q2 2024