Current:Home > reviewsCleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant -Infinite Edge Learning
Cleveland-Cliffs will make electrical transformers at shuttered West Virginia tin plant
View
Date:2025-04-19 09:28:45
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! (13)
Related
- The Best Stocking Stuffers Under $25
- Youngest 2024 Olympians Hezly Rivera and Quincy Wilson strike a pose ahead of Olympics
- Violent crime rates in American cities largely fall back to pre-pandemic levels, new report shows
- Yellowstone shuts down Biscuit Basin for summer after hydrothermal explosion damaged boardwalk
- Moving abroad can be expensive: These 5 countries will 'pay' you to move there
- Gaza war protesters hold a ‘die-in’ near the White House as Netanyahu meets with Biden, Harris
- Polyamory, pregnancy and the truth about what happens when a baby enters the picture
- CrowdStrike shares details on cause of global tech outage
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Back-to-school shopping 2024 sales tax holidays: Tennessee, Florida and Ohio next up
Ranking
- Small twin
- Utah Supreme Court overturns death sentence for man convicted of murder
- Lawsuit against Texas officials for jailing woman who self-induced abortion can continue
- Nashville grapples with lingering neo-Nazi presence in tourist-friendly city
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Why Ryan Reynolds, Hugh Jackman hope 'Deadpool & Wolverine' is a 'fastball of joy'
- El Paso County officials say it’s time the state of Texas pays for Operation Lone Star arrests
- She's a basketball star. She wears a hijab. So she's barred from France's Olympics team
Recommendation
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Kit Harington Makes Surprise Return to Game of Thrones Universe
West Virginia official quits over conflict of interest allegations; interim chief named
Truck driver faces manslaughter charges after 5 killed in I-95 crash, North Carolina officials say
Why we love Bear Pond Books, a ski town bookstore with a French bulldog 'Staff Pup'
Alabama taps state and federal agencies to address crime in Montgomery
Brittany Aldean Slams Maren Morris’ “Pro-Woman Bulls--t” Stance Amid Feud
Parents' guide to 'Deadpool & Wolverine': Is new Marvel movie appropriate for kids?