Who Says Steel Is Slowing Down Post Covid Not In Mississippi
LOWNDES COUNTY, Miss. (WCBI) – A new company is coming to the campus of a Lowndes County steel mill.
Altex Tube will create 58 jobs and invest nearly $110 million in new construction and equipment.
Here is a great article about Altex joing the Golden Triangle Industrial Park.
Altex will be on the Steel Dynamics property in the Golden Triangle Industrial Park.
The company makes black and pre-galvanized steel tubing in various sizes.
It uses coil products from SDI.
Manufacturing is is scheduled to start in mid-2023, along with the second phase of the project.
A groundbreaking will be Thursday morning.
A quote from the Gov. of Mississippi: Mississippi.org
We are excited to welcome Altex Tube to the Golden Triangle and thank the company for the strong commitment to our state and local communities. Bringing good-paying jobs and solid corporate neighbors to Mississippi is a top priority of our administration.” – Gov. Tate Reeves
A quote from Zach Smith President and CEO, Altex Missippi.org
“As a Mississippi State graduate, I’m thrilled to be relocating back to Mississippi. Altex Tube is thankful for local and state support throughout this process of building a world class HSS and mechanical tube mill in the Golden Triangle. Our new mill, supplied by MTM Spa, will utilize the latest technologies available to manufacture black and pre-galvanized steel tubing ranging in size from 1 inch to 6 inches square and 1.25 inches to 7.625 inches round, up to 48 feet in length and thicknesses ranging from .060 inches to .375 inches. Altex Tube will be built in two phases with phase one scheduled to be operating by mid-2023.” – Zach Smith, President and CEO, Altex Tube
Good luck to all involved in this new venture. I feel all the news on steel and prices are sooo gloom and doom I dont like writing about it. Thats why articles like these are great exploiting the positive aspects of growth in the steel business.
