FOLLANSBEE, W.Va. (AP) — The Wheeling-Nisshin steel coating company has announced a $28 million expansion to produce a new product at its Brooke County facility.
The company's new line is called ZAM, a combination of zinc, aluminum and magnesium. Company officials say it's highly corrosion-resistant and environmentally friendly.
Jeffrey McLaughlin, general manager of accounting and finance at Wheeling-Nisshin, says the company will expand its building space, buy new equipment and add an electrical substation. Construction is expected to begin by October and be completed by next fall.
The Charleston Gazette reports (http://bit.ly/SxXavC ) that the West Virginia Economic Development Authority approved a $10 million loan to assist in the project.