[Example of overseas expansion from West Virginia, USA] Nucor to begin production in 2027.
An economic effect generating $2.5 billion annually! A new substation is planned to be built on-site, particularly to meet the demand for arc furnaces.
Here is an update on the investment in Nucor. The facilities include a cold tandem mill and a plating line (equipped with an electric arc furnace and a zinc plating line). Appalachian Power plans to establish a new substation on-site to meet the power demands of the steel mill, particularly for the arc furnace. The advantages of river transport and logistics locations are reasons for the expansion, as they enhance supply capabilities to many customers in the Midwest and Northeast. 【Overview of the Project】 ■ Total investment amount: US$3.1 billion ■ Number of employees: 2,000 during construction, 800 full-time after completion ■ Site area: 1,700 acres ■ Start of operations: 2027 ■ Factory production capacity: 3 million tons per year / 84-inch plate steel / production of thin plates for the automotive, home appliance, construction, and heavy machinery industries ■ Economic impact: Generates $2.5 billion annually *For more details, please refer to the PDF document or feel free to contact us.
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The West Virginia Government Office in Japan is an overseas office of the International Division of the West Virginia Department of Economic Development. West Virginia is located in the eastern United States, surrounded by five states, including major cities like Washington D.C. and Pittsburgh, and is known for its strong manufacturing sector. The main characteristics of West Virginia are as follows: - Low industrial electricity and gas rates (due to coal, natural gas, and shale gas-fired power generation, as well as having one of the largest wind farms in the East and being home to the Appalachian Hydrogen Hub in Morgantown). - One of the largest wind farms in the eastern United States, advantageous for the use of green energy. - Excellent access to the large market in the eastern United States and a logistics hub. - High retention rates (ranked first in the nation for low manufacturing turnover rates according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilience to natural disasters (the terrain, which is largely covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Particularly active industries include chemicals, automotive parts, aerospace and defense, steel, metal processing, building materials, and IT, with recent growth in the EV and battery industries.