Wheeling-Nisshin Steel in Follansbee plans to invest $28 million in their current operations creating a new coated steel product line called "ZAM."
The announcement came Friday, August 17th, during a press conference at the Follansbee plant.
Wheeling Nisshin in cooperation with parent corporation Nisshin Steel Co.,Ltd. has begun preparations to design, upgrade and modify the AGL line.
Officials said this will be the first hot-dipping line to be deployed and operated in the United States that utilizes a combination of zinc, aluminum and magnesium called ''ZAM'' for coating steel.
"Today is a terrific day for West Virginia," said West Virginia Gov. Earl Ray Tomblin.. "Wheeling-Nisshin's announcement to invest $28 million into their current operations at the Follansbee Facility is another vote of confidence for both our state and its workforce. When I met with the Nisshin Executives on Japan a couple of months ago, they noted time and time again how impressed they were with their West Virginia employees-we truly have a world-class workforce. We have done a tremendous job of creating a business climate that recruits companies to the Mountain State, and our hard work is paying off."
West Virginia Gov. Earl Ray Tomblin was on hand to help announce a new product line at Wheeling-Nisshin Steel in Follansbee Friday.
''ZAM ''is the company's largest investment to the aluminum and galvanizing line.
Officials said it's a $28 million project that will create a few jobs in the beginning but many more down the road.
Senator Jay Rockefeller, D-W.Va., said he is proud to have brought Wheeling-Nisshin to the Ohio Valley .
''Wheeling-Nisshin has been a key part of the Follansbee community and a crucial part of the steel industry in West Virginia, and I'm proud to have helped bring them here 26 years ago," Rockefeller said. "And, today, it's great to see them advancing their efforts and continuing their commitment to the state by announcing their new product line, ZAM. With this diversification, the company continues to meet the needs of the industry with the next generation of building materials."