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teel plant in Texas will get an expansion in Texas. The company plans to bring over 500 jobs to the Baytown economy. The investment is over $500 million and will also include new construction. JSW USA operates one of the widest steel pipe and plate mills in North America. The JSW group bought the bankrupt Baytown steel assets for $810 million in October 2007, and is operating about 30%.
JWS Group is headquartered in Mumbai India. They signed a memorandum on March 26, regarding the news on the expansion. The $150 million investment is expected to be completed by March 2020. The Baytown steel location serves the energy and defense industries. The company will also be given a Texas Enterprise Fund award to make the expansion happen.
By IncSmart Staff Writer
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