Cleveland-Cliffs to Open Transformer Plant in West Virginia

URLhttps://www.thomasnet.com/insights/cleveland-cliff
Sourcethomasnet
Date Published08/09/2024

Additional Reshoring Information:

Company/Division name Cleveland-Cliffs
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):600
Year reshoring announced:2024
Domestically, the work will be done:In-house
Capital investment ($):150
City reshored to:Weirton
State(s) reshored to:WV
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectrical transformers
What domestic positive factors made reshoring more attractive?Government Incentives, Raw Materials Cost, Under-utilized capacity
Government Incentive dollar amount:$50 million forgivable from the state
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