NLMK Pennsylvania Corp. announced Wednesday it will invest $80 million in an improvement project at its Farrell steel plant. Earlier in the day, the company announced it was awarded a $1 million state grant to improve its 13-mile rail network.
In a statement, Bob Miller, president and CEO of NLMK, said in addition to the rail improvements, the mill will be adding a reheating furnace to reheat steel slab NLMK buys elsewhere. NLMK will begin work on the project next year with a 2018 completion date, Miller said, adding that the goal is to “crank up the plant’s steel production.”
The rail project will include rehabilitating 8,300 feet of track, cross ties and ballast and improving grade crossing in the rail network. The company also will replace locomotives, install additional loading docks and modify other docks.