Vinton Steel Has Big Plans for Right to Work Texas
Vinton Steel is investing over $229 million in order to expand its current operations in Right to Work El Paso, Texas. As a result, they will also create over 180 new jobs!
From Area Development Magazine:
“We are excited to announce this transformative upgrade at Vinton Steel, which has been a cornerstone of our community since 1962. […] With the support of our parent company, Kyoei Steel Group, we are not just expanding our capacity but are also leading the charge towards sustainability with our state-of-the art new green steel-making process. This is a testament to our dedication to both economic and environmental stewardship in the Borderplex region.” […]
“Vinton Steel is a critical part of the Texas steel manufacturing sector. […] This is the kind of capital-intensive project that JETI can help support. We want to ensure that companies like Vinton Steel thrive, and we want Texas employees to earn a better paycheck from a high-demand job like steelmaking. With more than 180 new jobs and a $229 million investment, Vinton Steel is making a Texas-sized investment in the future of El Paso County and is an important part in the stronger, more prosperous Texas we are building.” […]
“Today’s announcement of Vinton Steel’s expansion is a significant step forward for economic development in our region. […] I want to extend my gratitude to Senator César Blanco and Representative Joe Moody for their support, as well as a special thanks to Governor Abbott and his Economic Development & Tourism Office for their instrumental role in this project. Their leadership has paved the way for this $230 million investment by Kyoei Steel Group, which will not only double their steel production capacity with the innovative ‘Green City Mill Flex’ process but also foster sustainable economic growth for our region.
To read the previous economic update on Right to Work states, click here.