JSW Steel invests $110 million to modernize a plant in the Houston area

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Dive Summary:

• JSW Steel USA is investing $110 million to modernize its steel plate mill in Baytown, Texas, the company said. Announced June 24 at the SelectUSA Federal Investment Summit.
• A subsidiary of India-based JSW Group, he The Baytown plant produces steel plates used for offshore wind, monopile and tower transition pieces, Divyakumar Bhair, member of the board of directors of JSW Steel USA, said at the summit.
• The funds will improve the Baytown facility’s “clean steel” manufacturing processes, which consist of monopile steel plates that support the The Biden administration’s goal to deploy 30 gigawatts of offshore wind power by 2030, enough to power 10 million homes, the statement said.

Dive information:

JSW Steel’s investment in Baytown builds on the company’s previous $145 million plan to modernize its Mingo Junction, Ohio, plants, Bhair said.

“These investments have the potential to significantly reduce U.S. import dependence in the infrastructure and renewable energy sectors,” Parth Jindal, director of JSW Steel USA, said in the statement.

The upgrades to both plants are expected to be completed and operational during fiscal year 2026.

Investments are also in line with the Build America, Buy America Actimplemented under the Bipartisan Infrastructure Act, which requires that all infrastructure Projects use domestically manufactured products iron and Steel products and construction materials.

JSW Steel was among several global manufacturers that announced new investments at the SelectUSA Investment Summit last month.

Norway-based solar company NorSun revealed plans for will invest $620 million in its first US silicon ingot and solar wafer manufacturing plant in Tulsa, Oklahoma. UK based startup Enso He also announced plans to spend $500 million to establish carbon-neutral tire factory in the US

Finally, Italy-based Westrafo announced the company’s first installation of medium- and high-voltage transformers and power solutions systems in the United States, in Trotwood, Ohio.