Thyssenkrupp Might Delay Construction Of Steel Mill In Calvert

Thyssenkrupp, which is on track to lose more than $1 billion this year, says it might delay construction of the $4 billion plant in Calvert and push back the startup scheduled for spring 2010.

By: Jamie Burch | WKRG-TV
Published: May 13, 2009

» Comments | Post a Comment

MOBILE, Ala. (AP) - ThyssenKrupp AG officials say the
construction of the largest portion of the $4.65 billion complex
the company is building in Calvert might be delayed.
The German company said in a Tuesday statement that the current global economic situation is leading officials to consider pushing
back the startup of the Alabama project scheduled for spring 2010.
ThyssenKrupp also announced Tuesday that it could be on track to
lose more than $1 billion this year.
Spokesman Erwin Schneider said a decision about a delay could
come in a few weeks and a possible postponement could run for three
to six months.
The complex on the Mobile-Washington county line has two
business units making carbon steel and stainless steel. Those
portions of the complex are supposed to employ 2,700 people at full
operation.

(Copyright 2009 by The Associated Press. All Rights Reserved.)