Severstal Celebrates 10 Years in Michigan
02/05/2014 - Severstal North America is celebrating its ten-year anniversary in Michigan.
In 2004, Severstal purchased the then-bankrupt Rouge Steel for US$290 million, keeping the historic plant from closing and continuing to provide employment for some 1,600 Michiganders. Since then the company has invested more than US$1.7 billion in the state of Michigan to create one of the most modern and efficient steelmaking assets in North America.
Dearborn mayor Jack O'Reilly said, "The City of Dearborn is glad that Severstal has become such an important part of the community. Since 2004, Severstal has invested tremendously in our region and in our city, keeping alive the great manufacturing legacy of the State of Michigan. We're looking forward to many more years of a successful partnership."
Saikat Dey, CEO of Severstal North America, extended his thanks and appreciation on behalf of the entire company to the communities, government officials, customers and suppliers — for all of their loyalty, help and support through the years.
"We are humbled by all the support we have received and are proud to call Michigan our home. Severstal has truly become the premier benchmark of a manufacturing renaissance and we will continue to look for ways to invest in the region, both through job creation and operational excellence," he expressed.
"Over 9,000 direct and indirect jobs are dependent on the success of our company, as we infuse over US$1 billion dollars annually in the Michigan economy through our purchases, whether buying iron ore from the mines of the Upper Peninsula or consuming natural gas and electricity in southeast Michigan. Our steel products are used in cars produced here. And, that's what we can proudly call 'Made in Michigan,'" Dey concluded.
Dearborn mayor Jack O'Reilly said, "The City of Dearborn is glad that Severstal has become such an important part of the community. Since 2004, Severstal has invested tremendously in our region and in our city, keeping alive the great manufacturing legacy of the State of Michigan. We're looking forward to many more years of a successful partnership."
Saikat Dey, CEO of Severstal North America, extended his thanks and appreciation on behalf of the entire company to the communities, government officials, customers and suppliers — for all of their loyalty, help and support through the years.
"We are humbled by all the support we have received and are proud to call Michigan our home. Severstal has truly become the premier benchmark of a manufacturing renaissance and we will continue to look for ways to invest in the region, both through job creation and operational excellence," he expressed.
"Over 9,000 direct and indirect jobs are dependent on the success of our company, as we infuse over US$1 billion dollars annually in the Michigan economy through our purchases, whether buying iron ore from the mines of the Upper Peninsula or consuming natural gas and electricity in southeast Michigan. Our steel products are used in cars produced here. And, that's what we can proudly call 'Made in Michigan,'" Dey concluded.
