Chuck betters biography
Chuck betters biography
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Company to build $218 million steel plant on former J&L land in Aliquippa
ALIQUIPPA – A New York-based company plans to revive Aliquippa steel production with a $218 million advanced manufacturing facility on land once occupied by J&L Steel’s tin mill.
72 Steel, founded in 2016 by Chinese-American entrepreneurs, committed Tuesday to purchase the land owned by developer Chuck Betters to build a steel fabrication plant on 44 acres of the historic Aliquippa Works site along the Ohio River.
The operation will include an electric-arc furnace — a steelmaking technology with lower carbon intensity than traditional methods — to melt scrap steel and produce 500,000 tons of rebar, or reinforcement steel, annually for a variety of industries.
Its production capacity and output value are expected to reach $400 million.
More:Histories & Mysteries: Aliquippa emerges from its fiery beginnings to represent the American Dream
Once complete, the company expects to hire 300 to 400 permanent