Optimus Steel to expand Texas long product plant

Friday, 02 July 2021 20:31:24 (GMT+3)   |   San Diego
       

Texas Governor Greg Abbott today announced that Optimus Steel, LLC will establish a new rebar line and coil handling facility in Orange County, Texas. Optimus Steel, a subsidiary of Aceros Turia, Inc., produces wire rod, coiled rebar, and billet.

The project will create 55 new jobs and $40 million in capital investment. A Texas Enterprise Fund (TEF) grant of $485,000 has been extended to Optimus Steel, LLC.

"I am excited that Optimus Steel has chosen Orange County as the home of their new rebar line and coil handling facility," said Governor Abbott. "Optimus Steel joins the ranks of thousands of other companies that have chosen to invest in Texas because of our low taxes, reasonable regulatory environment, and strong workforce. Texas continues to thrive thanks to companies like Optimus Steel who are helping us write our economic success story, and I'm proud to welcome this new facility to Orange County."


Most Recent Related Articles

Nucor to build $350 million rebar micro mill in the South Atlantic region

US wire rod prices rise amid tight supply

US rebar market surprised by latest price increase

US rebar exports down 36.2 percent in September

US wire rod imports up 36.6 percent in September