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California Steel announces major expansionPosted by Jack Stewart, on June 6, 2007
From Governor Schwarzenegger's press release:
"I would like to congratulate CSI for expanding operations, adding to our growing economy and recognizing the importance of protecting the environment," said Governor Schwarzenegger. "This is a terrific example of how a company can increase its bottom line while moving to protect California's environment."
From the CSI release:
FONTANA, CA. – California Steel Industries, Inc. (CSI), the West Coast’s largest steel manufacturer, today announced plans to increase total annual production capacity by a million tons, through addition of a second reheat furnace with state-of-the-art environmental technology.
It is almost impossible to grow an energy-intensive company in California today given the production costs and uncertainty around global warming policies. CSI shows us that, even in this highly competitive global economy, a large manufacturer can at the same time help grow the economy and help the state lead the world on global warming policy.
During the implementation of AB 32, the state should recognize the expensive past and future technology and innovation implemented at CSI and other manufacturing facilities.
The state's economy and global warming authority lives and dies on decisions like these, from companies like these.
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