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Year of Progress Solidifies SeverCorr’s Vision for 2007
(Columbus, Mississippi, November 2, 2006): One year into construction at its next-generation steel mill in Lowndes County, MS, SeverCorr officials today reflected on the progress the company has made since breaking ground in October 2005. At a news conference held at the facility, economic development and government officials heard an update from SeverCorr Chief Executive Officer and President John Correnti on the impact this last year has made on the company.
“It’s amazing to think it was just one year ago that we stood at this same spot and together broke ground to begin this journey,” said Correnti. “We have made outstanding progress in the last year in so many areas. We are on schedule with construction and will have our first production area on-line by the end of this year. Response to our hiring efforts has been exceptional – over 9,000 applicants to date. Our future customers have also responded with excitement to the company we are building and the products we will provide. And that excitement is shared by our business partners who are locating new facilities here. When we take a look at all these positives, we can’t help but be immensely excited about the future of SeverCorr and the future of the region we call home.”
Much of the progress outlined by Correnti was extremely obvious – immense buildings now stand on what was once barren ground with construction crews numbering over 1,200 active on the site. Other indicators, such as the response from target markets, may be less visible yet officials stress they are equally as important. With the facility on schedule to be fully-operational by third quarter 2007, progress during the coming months will include additional portions of the mill coming on-line and additional partners committing to build on the 1,400 acre SeverCorr mega-site.
“We certainly have a lot more work to do and many more steps to take,” said Correnti. “But our path is clear – we are committed to building the finest steel company and the finest steel-making facility. And we are well on our way.”
About SeverCorr LLC: SeverCorr was formed in 2003 to design, engineer, build and operate a state-of-the-art steel facility to service growing manufacturing opportunities in the Southern United States. In October of 2005, SeverCorr broke ground on a next-generation steel mill near Columbus, Mississippi. When complete in the third-quarter of 2007, the plant will produce 1.5 million tons of high-quality steels a year for use in the automotive, building, agricultural, pipe & tube, and appliance industries. A unique feature of the company is its 1400-acre mega-site, which has been designed to accommodate production partners and related manufacturers onsite.
CONTACT: Mark Bula
662-848-0992 Ext. 125
mbula@mktgminds.com
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