Production begins at iron plant in Convent
CONVENT- Nucor Corp. says it has started production at its direct-reduced iron plant in Convent, the first phase of what could become a $3.4 billion complex employing as many as 1,250 workers.
The Charlotte, N.C.-based company says production began on Tuesday and has been increasing since.
Nucor and affiliates are manufacturers of steel products, with operating plants primarily in the United States and Canada.
The Convent site is being developed with public subsidies. Louisiana's incentive package includes a river port terminal, infrastructure assistance, tax breaks and other elements.
In addition to the direct-reduced iron ore plant, Nucor has said it could build a coke plant, blast furnace, pellet plant and steel mill at Convent.