State lawmakers approve Calisolar incentives package - The Dispatch - 0 views
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John T. Correnti, former CEO of SeverCorr (now Severstal) of Columbus, has served as chairman of the company''s board of directors since 2010 and reportedly has maintained close ties with Mississippi. The company has been in negotiations with Ohio officials since April, but the deal fell through in July when company representatives told the Mansfield News Journal in Mansfield, Ohio, that they were unable to meet a September construction deadline to qualify for a $275 million federal loan guarantee. Higgins said Lowndes County''s ability to meet Calisolar''s high power needs (nearly 170 MW of power, or roughly 40 MW more than the entire city of Columbus), along with Mississippi''s status as a right-to-work (non-union) state and the willingness of legislators to pass an attractive incentive package, may have tipped the balance in the Magnolia State''s favor.
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"The reason we''re coming here, and I''m going to be frank, is the Mississippi farm boys and the farm girls," Correnti said, according to The AP. "I wouldn''t trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American.
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AP reports that details of Mississippi''s incentive package include a $59.5 million loan for the building and equipment, with Lowndes County retaining ownership of the building and leasing it to them. The state is also providing $15.75 million for infrastructure and workforce training.
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Monroe360.com - Miss lawmakers approve 3 job creation proposals - 0 views
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Miss. lawmakers approve 3 job-creation proposals
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Gov. Phil Bryant,
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"The reason we're coming here, and I'm going to be frank, is the Mississippi farm boys and the farm girls," Correnti said. "I wouldn't trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American."
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Steel chief hits out at US-China plant critics - FT.com - 0 views
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plan to build a steel plant in the US partly funded by one of China’s biggest steel companies has hit out at his critics, saying that objections to the scheme are a “ploy” by established US companies to block fair competition.
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John Correnti, chief executive and part owner of Steel Development, which intends to construct a $168m plant in Amory, Mississippi, with the aid of investment by state-owned Anshan Iron & Steel, dismissed as “ludicrous” a claim by a group of US congressmen that the involvement of a Chinese company could potentially damage US national security.
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Mr Correnti’s project in Mississippi – which he says is part of a bigger $2bn scheme to build a total of four steel plants in undisclosed locations US-wide – comes at a difficult time for the country’s steel industry which was severely affected by the 2008-09 economic crisis and is recovering only slowly.
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Calisolar | Ceramic Tech Today - 0 views
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“The reason we’re coming here, and I’m going to be frank, is the Mississippi farm boys and the farm girls. I wouldn’t trade a Mississippi farm boy or farm girl for any Russian, Chinese, Japanese, Mexican, South American.”
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At the time, Calisolar said it couldn’t meet construction deadlines linked to some state-based financial incentives.
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Should the US Government Allow a Chinese Steel Mill to Invest in Steel Technology They ... - 1 views
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[Ed. Note According to a May 24 AMM post, the investment will also go toward building four re-bar plants (not one) and one flat rolled product mini-mill, all based in the US)
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Dive under the surface a bit, and the investment by Anshan raises serious concerns not only among steel producers but also for any US manufacturing organization in general.
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American national security infrastructure projects’ through the investment.”
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Ansteel cements steel moves in US - 0 views
Steel firm wants to diversify overseas - China.org.cn - 0 views
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The company and the US-based Steel Development Company signed a deal in September last year to jointly build a steel rebar project in the US market. Total investment in the Mississippi steel rebar project is $168 million, with Anshan Steel taking a 14-percent share. Anshan Iron also plans to acquire nickel and chromium resources through overseas mergers or purchases, as the company considers building a stainless steel and specialty steel business to further diversify, Zhang said. Wang Min, Party chief of Northeast China's Liaoning province, where Anshan Steel is located, said the merger between Anshan Iron and Benxi Iron and Steel Group will make progress soon.
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The company and the US-based Steel Development Company signed a deal in September last year to jointly build a steel rebar project in the US market. Total investment in the Mississippi steel rebar project is $168 million, with Anshan Steel taking a 14-percent share. Anshan Iron also plans to acquire nickel and chromium resources through overseas mergers or purchases, as the company considers building a stainless steel and specialty steel business to further diversify, Zhang said. Wang Min, Party chief of Northeast China's Liaoning province, where Anshan Steel is located, said the merger between Anshan Iron and Benxi Iron and Steel Group will make progress soon. Anshan Steel announced in 2005 that it agreed to acquire Benxi Steel to form Anben Iron and Steel Group; however, the two firms have yet to transfer their operating assets to the new entity. The two companies' financial, sales and purchasing departments haven't been integrated. The move is a part of Anshan Steel's bid to reach an annual production capacity of 60 million tons in the next five years and to become one of the world's top five steelmakers by 2015.
Alcoa-China Power Ink Pact - Zacks.com - 0 views
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The terms of the joint venture were not disclosed.
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In January, both the companies signed a memorandum of understanding (MoU) in Washington when the Chinese president Hu Jintao paid a state visit to the U.S.
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The two will work together in overseas and domestic projects.
Alcoa, China Power Agree to Work on $7.5 Billion of Clean Energy Projects - Bloomberg - 0 views
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Alcoa and China Power haven’t yet decided on specific projects and the exact amount they will spend will depend on the ventures they choose, Mike Belwood, a spokesman for Alcoa, said by telephone.
Alcoa, China Power Agree to Work on $7.5 Billion of Clean Energy Projects- Bloomberg - 0 views
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The companies may also look at opportunities to collaborate outside China
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China, the world’s largest polluter, wants non-fossil fuels to contribute 15 percent of its energy needs by 2020. The nation’s incentives to encourage low-carbon generation such as solar and wind power are almost triple those in the U.S., according to a report by the Climate Institute
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“It’s very difficult for China to buy state of the art technology from the U.S., as there are many restrictions, but clean energy is an area where both U.S. and China love to cooperate,” said Owen Liang, a Shenzhen-based analyst with Guotai Junan Securities Co. “The question is why Alcoa?
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Alcoa offers NC officials jobs-for-license deal - Boston.com - 0 views
Press Releases * Calisolar - 0 views
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Its investors include Advanced Technology Ventures, Globespan Capital Partners, Good Energies, Hudson Clean Energy Partners, and Ventures West.
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We are grateful to Governor Barbour, the Mississippi State Legislature, the Mississippi Development Authority, and Lowndes County
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Calisolar was awarded a clean energy manufacturing tax credit as part of the American Recovery and Reinvestment Act
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