Spanish steel processor Gonvarri Steel Services has announced plans to build its very first U.S. plant in Union County, S.C., with an initial $35 million investment. The plant is being created with the purpose of supplying Gonvarri’s Madrid-based parent company Gestamp Corp., maker of automotive components and equipment for renewable energy, which also has a plant in Union County.
The facility will have the capacity to process 100,000 tons of flat-rolled steel, and the initial $35M investment is expected to generate up to 40 new jobs. A planned future investment of $15 million will help to create 25 more jobs in the next decade.
With the creation of this newest plant, Gonvarri will have 24 service centers across 13 countries. The company is already extremely successful, with 2011 reported earnings exceeding $2.6 billion, and reported processing totaling 3.2 million tons of steel.
Chief executive officer Josu Calvo said the new facility “consolidates the internationalization process of the company….. reinforcing our company as a multinational leader in steel service centers, particularly in the automotive business.” (American Metals Market) The new plant is expected to be operational in July 2013.