Thu., 10:37am: VAM to invest $81 million in Mahoning Valley

YOUNGSTOWN – VAM USA, LLC, will invest $81 million to construct a new threading mill here, Mayor John McNally announced this morning.

Construction will begin immediately. VAM USA is a sister company to Youngstown’s Vallourec Star.

As part of the deal, the company is purchasing two parcels of industrial land from the city for $365,000.

Complete coverage will appear in Friday’s Tribune Chronicle print edition.