JSW Steel USA to invest US$110 million to upgrade Baytown, TX manufacturing operations

Biznextindia: JSW Steel USA, Inc. a subsidiary of JSW Steel Ltd. (India’s leading steel company and the flagship business of US $24 billion JSW Group), with over 800 employees in the United States, plans to invest US $110 million in steel plate mill modernization projects with sustainable technology and state of the art equipments within its manufacturing facilities in Baytown, Texas. These investments will enable the production of high-quality monopile steel plates to support the U.S. Administration’s new actions to expand offshore wind energy by deploying 30 gigawatts (GW) of offshore wind by 2030, enough to power 10 million homes with clean energy. Steel products made through this investment are aligned with Buy America requirements for niche grades and sophisticated applications such as hydrocarbon pipelines, offshore wind towers, offshore wind platforms, high-density pressure vessels, monopile steel slabs and platforms for offshore wind towers. These new investments were announced at the 10th SelectUSA Investment Summit hosted by the U.S. Department of Commerce in National Harbour, Maryland. Commenting on the new investments,

“The new investments at our Baytown, Texas facility reinforce JSW USA’s commitment to a sustainable and green future. The new upgrades at our Plate Mill support the long term ESG initiative of JSW USA and support decarbonization of the Energy Spectrum in the United States of America. The new investments will enable us to progressively deliver high quality steel products while further defining our niche markets through a Made in America specialty steel portfolio. These investments have the potential to significantly reduce U.S. import reliance in the infrastructure and renewable energy sectors” said Parth Jindal, Director of JSW Steel USA.