|
|
Article: Steel Dynamics Announces Joint-Venture to Manufacture Composite Railroad Ties.
- Article from:
- PR Newswire
- Article date:
- March 9, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
FORT WAYNE, Ind., March 9 /PRNewswire-FirstCall/ -- Today Steel Dynamics, Inc. announced that it has formed a joint venture, Dynamic Composites, LLC, which it will substantially own and control, for the purpose of manufacturing high-strength, long-life composite railroad ties. The joint venture plans to invest about $5 million, which will be provided by Steel Dynamics, to equip and start up a facility at a site to be determined that will have the capacity initially to produce 250,000 ties per year. Using automated manufacturing processes, the plant is expected to employ about 20 people. Start-up of the plant is expected by the end of 2006.
Composite ties ...