Tue., 11:04am: Pipe mill expansion could produce 84 Valley jobs
YOUNGSTOWN — Youngstown City Council on Wednesday will consider passage of an enterprise zone agreement that could lead to an $81.5 million expansion to Youngstown’s growing pipe mill industry.
VAM USA LLC, sister company to French-based Vallourec Star, is considering the addition of an $81.5 million threading and finishing mill in a vacant building at 1053 Ohio Works Drive.
The company is asking for a 10-year, 75 percent abatement on real property taxes in exchange for the investment and creation of 84 new jobs in the first year.
The item appears as number 1 on council’s legislative agenda for Wednesday’s 5:30 p.m. meeting.
Vallourec Star operates a new $1 billion pipe mill near the Youngstown-Girard border. In 2011 the company had announced plans to add a threading and finishing mill near the plant which had been expected to add about 100 jobs. However, that mill has not been built.
For more on this story, see Wednesdays Tribune Chronicle print edition.