Price Tag For ThyssenKrupp Plant Rising

By The Associated Press
.

The giant steel mill will cost nearly a million dollars more to build than estimated. Price Tag For ThyssenKrupp Plant Rising
Published: Fri, August 15, 2008 - 9:50 am
MONTGOMERY, Ala. (AP) - The price tag is rising for the giant
steel mill being built at Calvert in northern Mobile County.
Officials with German steelmaker ThyssenKrupp AG say the price
to build the plant will rise more than 20 percent above the
original $3.7 million estimate.
ThyssenKrupp officials say the rising cost for machinery and
other items is to blame.
The company's chief financial officer, Ulrich Middelmann, says
because the value of the dollar has declined the plant should not
cost the company any more in the European currency, euros.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

Recommend
Translate: » Spanish | French | German | Italian | Japanese | Chinese | Russian | Hindi

Recent Commented: News Reports

Three Girls Hit By Car On New…

23 Total Comments
Three Girls Hit By Car On New Years Eve Two of the girls had to be taken by Life Flight to the hospital… more »

New Year, Same Old Checkpoints…

4 Total Comments
New Year, Same Old Checkpoints Mobile police will set up safety checkpoints throughout… more »

Senior Bowl Superstar Contestants…

3 Total Comments
Senior Bowl Superstar Contestants “Only 4” The quartet has a harmonic rendition of the National Anthem,… more »

News 5 Takes Home An Emmy Award…

40 Total Comments
News 5 Takes Home An Emmy Award Some hard working staff members are honored for their work.… more »

Baldwin County School Cuts

2 Total Comments
Baldwin County School Cuts Baldwin School Board meets to outline budget cuts forced… more »

Teen Pregnancies Up In Alabama…

6 Total Comments
Teen Pregnancies Up In Alabama Alabama's teen pregnancy rate up for 2nd year. more »

 


Contact Information   •   Internships   •   Open Ratings   •   Advertise With Us
FCC-EEO Report   •   Children's Programming   •   Public File