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The facility was renamed AM/NS Calvert through the 50/50 joint partnership with Nippon Steel & Sumitomo Metal Corp. [25] The firm also entered into a $2.2 billion contract to develop an iron ore deposit in Senegal. This included construction of a 750 km (466 mi) railway line.
The remaining portion of the ThyssenKrupp plant, with a production capacity of 5.3 million metric tons that includes a hot strip mill, cold roll mill and four coating lines, was purchased by a 50/50 joint partnership of ArcelorMittal and Nippon Steel in February 2014 for $1.5 billion and renamed AM/NS Calvert. At the time, ThyssenKrupp was the ...
AM/NS Calvert. Formerly named ThyssenKrupp Steel USA and located in Calvert, Alabama, the facility was purchased from ThyssenKrupp through a 50/50 joint partnership with ArcelorMittal in February 2014 for $1.5 billion and renamed AM/NS Calvert. [36]
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The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor production in Malta, New York and Vermont. The binding ...