Kaptur welcomes Cliffs to Port of Toledo
Toledo, Ohio – Congresswoman Marcy Kaptur (OH-09) is cheering news today that Cleveland-headquartered Cliffs Natural Resources (Cliffs) has selected the Port of Toledo and East Toledo’s Ironville site as a home for the company’s new Hot Briquette Iron processing facility. The project will bring 1,200 construction jobs, more than 130 permanent jobs, and a $700 million investment to the Toledo area. The company intends to break ground in early 2018, with the plant becoming operational in 2020.
“A big Toledo welcome to Cleveland-based Cliffs Natural Resources as it embarks on new corporate investment to serve the American steelmaking market,” said Kaptur. “When we set about to bring the Ironville site to economic reuse, we were driven by the potential for jobs in East Toledo. The confluence of a job ready site and Toledo’s excellent distribution and transportation network helped to put the Toledo Port site over the top, attracting major investment and the jobs that will come with it.”
When operational, the Cliffs Toledo facility will receive iron ore mined in Minnesota and Michigan and convert it to briquettes used in steel making. Kaptur discussed the investment with Cliffs CEO and Chairman, Lourenco Goncalves, and pledged her assistance with federal and state permitting.
Kaptur was instrumental in directing federal funds to help clean up and prepare the Ironville site for new development, all with the intention to create jobs and drive economic activity in the Toledo area.
"For many months, our region has been working toward and anticipating this potential major investment by Cliffs, one of the most respected and oldest firms in the Great Lakes, at 170 years. Not only will this create jobs, but it will include a multi-story tower that will change our skyline. Additionally, these jobs will be focused on transforming raw materials for use in the oil and gas industry, the auto sector, mill and pipe operations and the steel industry. As Co-Chair of the House Great Lakes Task Force, I congratulate the Port Authority of Toledo and I pledge to continue working with all parties involved through completion of construction and continuing necessary investments in Great Lakes infrastructure to allow this industry to flourish and expand," Kaptur continued.
Kaptur is the Ranking Member of the House Energy and Water Subcommittee which has oversight over U.S. Department of Energy and Army Corps of Engineers funding and operations.
News Articles about the announcement: