As the location for its second technologically advanced micro mill Commercial Metals Company selected Durant, Oklahoma. According to the firm, this new investment in Oklahoma will mirror CMC's existing micro mill in Mesa, Arizona.
“The addition of a second micro mill to CMC's portfolio of highly efficient, customer focused and cost effective steel production facilities will enhance CMC's position as a leading supplier of long products in the U.S. market,” company officials said.
Joe Alvarado, Chairman, President/CEO of CMC, said, "The location of the mill in Durant, Oklahoma, 80 miles north of Dallas, Texas, will allow us to better serve a growing North Texas market as well as expand into markets in Oklahoma, Kansas, Nebraska, Arkansas and Missouri.”
“The facility will produce low cost, high quality steel products, which will complement our existing manufacturing capability to better serve our customers. This new micro mill will also complement CMC's existing recycling and fabrication footprint, enhancing CMC's ability to further leverage our raw material supply chain and optimize product mix within our existing operations,” he added.
The Oklahoma micro mill, utilizing Danieli technology and equipment, is expected to be commissioned in the fall of 2017 and to create approximately 300 jobs in the Durant area. The direct and indirect investment is expected to be in excess of approximately $250 million.
The City of Durant, the Choctaw Nation of Oklahoma, the Durant Industrial Authority and the State of Oklahoma worked together with CMC to locate the micro mill in Durant.
"We are extremely excited to welcome CMC to the city of Durant. Our pro-business climate, great quality of life, and skilled workforce make Oklahoma the perfect home for this world class manufacturing operation.", said Governor Mary Fallin.
Tommy Kramer, Executive Director of the Durant Industrial Authority, said, "We are thrilled with establishing a long-term business relationship with Commercial Metals Company in building this new facility in our community. This project has the full support of TEAM DURANT."