Port investment of voestalpine in North America
voestalpine Texas Holding, LLC. to build iron works on 200 hectares-logistics area in the Port Corpus Christi, Texas US
Through their subsidiary company the voestalpine group is leasing a port area in the US-state of Texas. At the end of April 2013 Port Commissioners and voestalpine Texas Holdings, LLC., representatives officially signed the lease agreement for part of the La Quinta Trade Gateway on a special commission meeting.
The Austrian company will lease approximately 2 hectares of property for an initial lease term of 50 years with two 15-year options. The official signing of the lease agreement made voestalpine Texas Holding, LLC., the anchor investor for the development of the Port’s La Quinta Trade Gateway.
On the La Quinta Trade Gateway in San Patricio County, voestalpine plans to construct a Hot Briquetted Iron (HBI) plant and a more than 300 metres long high-performance dock on the easternmost portion of the port’s waterfront, capable of unloading iron ore pellets and loading HBI. The planned facilities are designed for an annual capacity of around two million tonnes of HBI (hot briquetted iron) and DRI (direct reduced iron). The investment volume is around EUR 550 million and, once operational, the plant will staff around 150 employees. The plant is due to begin operations in early 2016.
“This will provide the Austrian steel production sites in Linz and Donawitz with access to cost-efficient and environmentally-friendly HBI and DRI pre-materials, ensuring their competitiveness over the long-term”, explained Wolfgang Eder, Chairman of the Management Board of voestalpine AG, and head of voestalpine’s Steel Division.
Quelle: LogEastics
Portal: www.logistik-express.com