JSW Steel invests $110 million to modernize manufacturing at Texas steel plate mill
JSW Steel USA, Inc. has announced plans to modernize its steel plate mill in Baytown, Texas. The company, which is a subsidiary of JSW Steel Ltd., will invest $110 million into the project, which will feature sustainable technologies and state-of-the-art equipment. According to the company, this investment will aid the U.S. government’s initiative to expand offshore wind energy by deploying 30 gigawatts of offshore wind by 2030, as well as supporting Buy America requirements for niche grades and sophisticated applications.
What people are saying
In a recent quote, Rob Simon, CEO of JSW Steel USA, said, “JSW's continued investment in its Baytown facility and enduring partnership with the state of Texas reflects the company's ethos of 'Better Every Day.' By supplying the critical high-grade steel products for U.S. offshore wind deployment, JSW is committed to a cleaner, greener, and better tomorrow. I am proud to announce this investment, as a reflection of the long- lasting relationship between the U.S. and India in this critical industry."
Parth Jindal, Director of JSW Steel USA, added, “The new investments at our Baytown, Texas facility reinforce JSW USA’s commitment to a sustainable and green future. The new upgrades at our Plate Mill support the long term ESG initiative of JSW USA and support decarbonization of the Energy Spectrum in the United States of America. The new investments will enable us to progressively deliver high quality steel products while further defining our niche markets through a Made in America specialty steel portfolio. These investments have the potential to significantly reduce U.S. import reliance in the infrastructure and renewable energy sectors.”
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