Current:Home > ContactCleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant -Wealth Empowerment Zone
Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
View
Date:2025-04-13 05:23:00
CHARLESTON, W.Va. (AP) — Cleveland-Cliffs announced Monday it will produce electrical transformers in a $150 million investment at a West Virginia facility that closed earlier this year.
The company hopes to reopen the Weirton facility in early 2026 and “address the critical shortage of distribution transformers that is stifling economic growth across the United States,” it said in a statement.
As many as 600 union workers who were laid off from the Weirton tin production plant will have the chance to work at the new facility. The tin plant shut down in February and 900 workers were idled after the International Trade Commission voted against imposing tariffs on tin imports.
The state of West Virginia is providing a $50 million forgivable loan as part of the company’s investment.
“We were never going to sit on the sidelines and watch these jobs disappear,” West Virginia Gov. Jim Justice said in a statement.
The Cleveland-based company, which employs 28,000 workers in the United States and Canada, expects the facility will generate additional demand for specialty steel made at its mill in Butler, Pennsylvania.
In a statement, Lourenco Goncalves, Cleveland-Cliffs’ president, chairman and CEO, said distribution transformers, currently in short supply, “are critical to the maintenance, expansion, and decarbonization of America’s electric grid.”
The tin facility was once a nearly 800-acre property operated by Weirton Steel, which employed 6,100 workers in 1994 and filed for bankruptcy protection in 2003. International Steel Group bought Weirton Steel in federal bankruptcy court in 2003. The property changed hands again a few years later, ultimately ending up a part of Luxembourg-based ArcelorMittal, which sold its U.S. holdings to Cleveland-Cliffs in 2020.
Weirton is a city of 19,000 residents along the Ohio River about 40 miles (64 kilometers) west of Pittsburgh.
veryGood! (44995)
Related
- Which apps offer encrypted messaging? How to switch and what to know after feds’ warning
- Horoscopes Today, October 29, 2023
- Cowboys vs. Rams recap: Dak Prescott's four TD passes spur Dallas to 43-20 rout
- As economy falters, more Chinese migrants take a perilous journey to the US border to seek asylum
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- Matthew Perry's cause of death unknown; LAPD says there were no obvious signs of trauma
- China fetes American veterans of World War II known as ‘Flying Tigers’ in a bid to improve ties
- Court arguments begin in effort to bar Trump from presidential ballot under ‘insurrection’ clause
- Trump invites nearly all federal workers to quit now, get paid through September
- Trump gag order back in effect in federal election interference case
Ranking
- Why Sean "Diddy" Combs Is Being Given a Laptop in Jail Amid Witness Intimidation Fears
- Ex-cop who fired into Breonna Taylor’s apartment in flawed, fatal raid goes on trial again
- Newly elected regional lawmaker for a far-right party arrested in Germany
- Tyrod Taylor, Darren Waller ruled out of Giants game against Jets after injuries
- Don't let hackers fool you with a 'scam
- Ohio woman fatally drugged 4 men after meeting them for sex, officials say
- Israel opens new phase in war against Hamas, Netanyahu says, as Gaza ground operation expands
- Is pasta healthy? It can be! How to decide between chickpea, whole grain, more noodles.
Recommendation
Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
Chris Paul does not start for first time in his long NBA career as Warriors top Rockets
Police in Texas could arrest migrants under a bill that is moving closer to approval by the governor
The 411 on MPG: How the US regulates fuel economy for cars and trucks. (It's complicated)
IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
No candy for you. Some towns ban older kids from trick-or-treating on Halloween
Israeli defense minister on Hamas, ground operations: 'Not looking for bigger wars'
UAW reaches tentative agreement with Stellantis, leaving only GM without deal