Eugene, Oregon-based Farwest Steel, a distributor, fabricator and processor of flat-rolled, pipe and tube, long and plate products, has purchased a 20-acre section of land in Clark County, Washington. Farwest will pay the Port of Vancouver $5,082,500 million for the land to build a $40 million distribution, processing and fabrication facility.
In a new release Monday, Port of Vancouver Commission President Brian Wolfe said, "Selling property is not something the port does often or without careful consideration, but we are confident that the sale to Farwest is the right thing to do and will result in good-paying jobs for Clark County residents both in the short-term and in the long-term."
Construction is slated to begin in July of this year, with the facility being operational in 2012.