Global Steelmaker POSCO Establishing Operations at Port of Indiana-Jeffersonville; 60 High-wage Jobs

first_imgPort’s River Access, Automotive Connections Attract South Korea’s 4th Largest CompanyIndianapolis – POSCO, a multinational company headquartered in Pohang, South Korea, and the fifth-largest steel producer in the world, has announced plans to build a wire rod processing center at the Port of Indiana-Jeffersonville, creating up to 60 high-wage jobs by 2018. POSCO is South Korea’s fourth largest company, behind Samsung Electronics, SK Holdings and Hyundai Motors, and is ranked No. 162 in Fortune’s Global 500.“Although we are located on different continents, South Korea and Indiana both share a reputation of excellence when it comes to advanced manufacturing,” said Governor Mike Pence. “Having a globally-focused company like POSCO select Indiana to grow its business is a strong endorsement of our state’s low-cost, low-tax business climate, robust transportation infrastructure and dynamic port system. This company could have established operations anywhere in the world, but has found exactly what it needed right here in Indiana. POSCO is a major supplier to the automotive industry which already supports more than 100,000 jobs in our state, and we look forward to the new jobs this state-of-the-art facility will create.”The $19 million project includes a 136,000-square-foot facility to be constructed on approximately 10 acres at the Port of Indiana-Jeffersonville. POSCO plans to start construction later this year on the facility, which will be the company’s second steel processing line and fourth production line in the U.S. POSCO’s key drivers for locating at the port were the ability to ship steel into the Midwest by water, the close proximity to numerous steel and automotive-related companies and the attractive business environment in the Jeffersonville area.“We are very excited about the opportunity to develop our first Midwestern U.S. plant at the Port of Indiana-Jeffersonville,” said POSCO AAPC Finance Director Kyu Tae Kim. “It is critical for our business to receive cargo by water and to be centrally located in the U.S. market. The Jeffersonville’s port location will allow us to connect with global markets and supply our U.S. automotive customers with ‘just-in-time’ deliveries. We want to thank the State of Indiana, the City of Jeffersonville, the Ports of Indiana and One Southern Indiana for helping us to make this project a reality.”POSCO was established in South Korea in 1968 and was the first Korean firm to be listed on the New York Stock Exchange in 1994. It operates 312 facilities in 43 countries around the world. POSCO’s Jeffersonville plant will process steel wire for fasteners, nuts and bolts used in the automotive industry and serve as a distribution center for other POSCO products. POSCO America, incorporated in 1984, maintains its U.S. headquarters in Fort Lee, N.J., with additional facilities in Houston, Texas, Troy, Mich., and McCalla, Ala. POSCO operates two integrated steel mills in South Korea and a joint venture facility with U.S. Steel, USS-POSCO Industries, located in California.“POSCO’s planned facility is a good fit for our port and its operations will create new business for other port companies,” said Rich Cooper, CEO for the Ports of Indiana. “Steel processors at our port currently supply components for all six of the top U.S. automakers as well as to many Tier 1 suppliers and other participants in the automotive industry’s supply chain. The port’s multimodal transportation options, including year-round barge access to the Gulf of Mexico, offer significant logistics cost savings for POSCO.”The Port of Indiana-Jeffersonville is home to 28 businesses, including a “steel campus” of 12 metal-processing companies serving the Midwest auto and appliance industries. The port handled over one million tons of steel cargoes in 2015 and 2.8 million in total shipments.The Indiana Economic Development Corporation (IEDC) offered POSCO up to $550,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These incentives are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. Jeffersonville’s city council approved additional incentives at the request of the Jeffersonville Redevelopment Commission.“Having a global company of POSCO’s caliber select Southern Indiana and, specifically, the Port of Indiana-Jeffersonville, for this advanced manufacturing project, is certainly cause for celebration,” said Jeffersonville Mayor Mike Moore. “The opening of two new interstate bridges over the Ohio River and the continued development of our port are key drivers for attracting world-class companies like POSCO and helping them grow in our community. We are grateful to our partners in economic development, One Southern Indiana and the Indiana Economic Development Corporation, for their efforts to ensure that investing in Jeffersonville is a seamless process.”FacebookTwitterCopy LinkEmailSharelast_img read more

During Shooting Investigation Police Search Houses, Find Drugs, Cash, Guns

first_imgImage by Jamestown Police.JAMESTOWN – Several people are facing charges following a search of Thursday’s shooting scene on Jefferson Street and then subsequent raid of another house in Jamestown.Jamestown Police first responded to 707 Jefferson St. to investigate a shooting incident that occurred.During the course of the investigation a search warrant was obtained for the residence. As a result of executing the search warrant, detectives located four unlawfully possessed handguns inside the home along with over 200 rounds of ammunition, approximately 12 pounds of marihuana, 1.2 ounces of cocaine and around $4,000 cash.Anthony Burris, 29, was taken into custody at the scene charged with four counts of second-degree criminal possession of a weapon, two counts of third-degree criminal possession of a controlled substance and first degree criminal possession of marijuana. ANTHONY BURRISAs the investigation continued throughout the day, police say detectives from the Jamestown Metro Drug Task Force and Southern Tier Regional Drug Task Force worked collaboratively to gather information on a house at 438 Buffalo St. where it was suspected that individuals involved in the shooting from earlier in the day were currently hiding out.At around 10:30 p.m. two subjects who fit the description of individuals from the shooting exited the residence. Detectives approached them and attempted to speak with them. The two males fled from the police on foot and a foot pursuit ensued. ANDRE JONES The three are charged with two counts of criminal possession of a controlled substance.Police say the investigation into the Jefferson Street shooting is continuing and further charges are possible. Anyone with information in the case is asked to contact the Jamestown Police Department at 716-483-7536 or on the TIPS Line at 716-483-8477. MELISSA KESTLER EDDIE MELENDEZ TORRIE JONES Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) MIKIAL MOORE As they ran, detectives could see the pair allegedly discarding items off of their persons. Both of the subjects were taken into custody within a block of where the foot pursuit began with the assistance of the Jamestown Police Department’s K-9 “Promber”. They were identified to be Torrie Jones, 21, and Mikial Moore, 26, both of Buffalo.Detectives allegedly located two handguns, marijuana and crack cocaine, all that were discarded by the individuals who ran. Jones and Moore were arrested and charged with second-degree criminal possession of a weapon, tampering with physical evidence, obstructing governmental administration and false personation.A search warrant was then obtained for 438 Buffalo St where members of the Drug Task Force located approximately 7 grams of crack cocaine in several separate packages as well as 4.7 grams of fentanyl.Andre Jones, 18, Eddie Melendez, 47, and Melissa Kestler, 39, were all taken into custody.last_img read more

New public servants warned against using office for private gain

first_imgNew recruits of the Public Service College were warned against using the public office for private gain and encouraged to take steps to curb any instances of misappropriation of office that they may encounter during their training.This warning was issued at Friday’s graduation ceremony where Senior Director of the Bertram Collins College of the Public Service (BCCPS), Colonel Lawrence Paul cautioned the new recruits. The ceremony was held for the second batch of young cadets which saw 60 new recruits entering the Public service system.Colonel Paul charged the cadets to learn all that they can so that they can help to transform the public service into a professional institution, which will serve the citizenry.Colonel Paul also told the cadets that they must embrace the virtues of integrity and impartiality and serve without bias.“Do so without fear or favour, affection or ill will and regardless of your politicalThe Bertram Collins College of the Public Service’s graduating class of 2018persuasion because it is an arm of the State and is not an arm of any political party. Political parties may come and go but this arm will be here all the time,” he said.“So, our vision here at the Bertram Collins College is to embrace change very positively in the public service, not only positively but perpetually… so that this College may become that transformative institution that will bring about fundamental performance in the public service and fundamental change of behaviour of public servants,” he said.The Senior Director also encouraged the cadets to envision themselves as the future of the public service as all their current senior officers will, someday, retire.“You’re the ones who will be taking over and whatever you carry into the public service from this College will remain with you. They cannot stop you from being the leaders because they will not be there all the time,” he said.Meanwhile, Chairman of the Public Services Commission, Michael Somersall, while delivering his featured address told the cadets that they are expected to gain self-confidence, to become grounded and to capitalise on every opportunity to learn during their training.“We are giving you an opportunity to learn and to focus on your studies and your task now is to deliver. Our job here is to make you well grounded. Apart from content, we will be working on your attitudes, behaviours, and values system and to understand the importance of these things and what is corruption and bribery. You will be the change in the delivery of public service in Guyana. You will be the carriers of change,” Somersall noted.The award for exemplary conduct went to Audlie Waterton, while best attendance went to Cassandra DeFlorimonte, Lorean Harris, Maurissa McCalmon, Diane Manawar and Audlie Waterton.The most improved student for 2018 was Maurissa McCalmon.Meanwhile, the students copping the student of the trimester award for first second and third place was Ariana Carvajal, Abdullah Ahamad and Maurissa McCalmon respectively.Abdullah Ahamad also took the runner-up best graduating student award.Ariana Carvajal was named the valedictorian for her exemplary performance during the programme. As such, she was awarded the Presidential Shield of Excellence, the Best Graduating Student Shield, and a Certificate of Excellence.last_img read more


first_imgWords & Pix Brid Sweeney: Up to 150 Children left our small Community Lower Rosses on Saturday morning for the annual trip to Croke Park which is now an important part of the Club year at Naomh Muire.No other Club in Ireland will take as many to a big match year after year….why…..because they haven’t a bus company like Bus Feda who sponsor the trip and have done so down the years.Although the Club coaches and the Club itself assist greatly in ensuring the young children get their day at Headquarters …it is the unselfish gesture by the O’Domhnaill family that makes this trip at such a token price possible. Go Raibh míle maith agaibh. PICTURE SPECIAL: GENEROUS GESTURE ENSURES NAOMH MUIRE ANNUAL TRIP TO CROKER! was last modified: August 10th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:BRID SWEENEYBus FedaCroke ParkdonegalNAOMH MUIREO Domhnialllast_img read more