Plain Dealer: Republic Steel to Add Nearly 450 Jobs in Lorain

Governor Kasich was in Lorain recently to join Republic Steel in announcing the creation of nearly 450 new jobs. The Plain Dealer has more below:

LORAIN, Ohio — Republic Steel plans to invest $85.2 million and create 450 jobs here, three years after shutting its blast furnace and cutting 700 jobs.

An expected boom in the oil and gas industry, coupled with a rebound in the auto industry, is feeding a mini-resurgence in Northeast Ohio’s steel industry with Republic, U.S. Steel, Timken Co. and V&M Star all making major investments.

With Gov. John Kasich standing at his side, Republic President and Chief Executive Jaime Vigil, said, “It was easy to choose Lorain, Ohio, over other locations in the United States and other parts of the world.”

And

Oil and gas companies are rushing to Ohio, West Virginia and Pennsylvania to try to tap shale gas – natural gas trapped in shale. Energy companies pump high-pressure fluid into wells to break up the shale, releasing the gas – a process called hydraulic fracturing or fracking.

And

Kasich, who hosted an energy summit in September to encourage the growth of Ohio’s natural gas industry, said shale exploration is creating opportunities for lots of different industries.

With the development of shale natural gas, Kasich told Vigil that Republic’s role in the steel industry is going to change.

You can read more about the jobs announcement here.

Comments

  1. This is wonderful news. This is what this country and state needs!!!Investing in our steel industry, here. Not investing in a Russian business man who is going to build a steel factory in Michigan, on the American taxpayer, and then have his steel mill competing against our own steel mills. I just don’t see the benefit of that.
    Keep up the good work Governor Kasich!!!!

  2. Kathleen Butler says:

    Dear Governor Kasich and family,

    Happy Thanksgiving!

    We have a lot to be thankful for…God’s blessings to our nation, and our families.

    Now with the jobs coming to Ohio-we are seeing the fruits of a conservative, energized, coalition of our governor, state and global business leaders, and the people of Ohio.

    I am so grateful that God has given the great state of Ohio a governor that has a vision of what Ohio can once again be….a destination for companies who value hard work and innovation.

    Ohio is putting out the welcome mat for companies willing to invest in our vision of progress and prosperity for all.

    Thank you Governor Kasich and all who have worked diligently to bring jobs back to Ohio.

    Kathleen Butler

  3. Good luck to you. Keep up the great work. Thank you .Marilyn S. Kennedy

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