June 29 - Further to the report here on June 25, the Port of Longview Commissioners has unanimously approved leases with IDM Longview, LLC and Skyline Steel to construct and operate a steel pipe manufacturing centre in the Port's West Industrial Park.
Skyline, a subsidiary of the world's largest steel manufacturer ArcelorMittal, will produce rolled, welded and spiral pipe at their new facility.
"The Longview facility will further strengthen our position to serve the foundation market in the Western part of North America," said Ted Grodhaus, CEO and president, Skyline Steel. "In addition, the pipe facility ensures improved safety of operations, increased value to current and potential customers, and allows Skyline Steel to grow through efficient, cost effective production."
Skyline will be the third steel production facility located at or adjacent to the Port of Longview, creating a hub of steel service centers.
"Skyline is an excellent addition to our tenant mix at the Port of Longview," said Port Commission president Bob Bagaason. "The project will create jobs and add strength to our steel presence, a win for the community and for business."
IDM will construct the facility and lease it to Skyline, who will have the option to purchase it after 12 years. The Port has the obligation to purchase the building at the end of the initial lease term if Skyline does not, which requires the project to comply with prevailing wage laws.