“This is an exciting time as jobs and commerce comes back to the part of Ohio hit hard by the slowdown in domestic steel production. ACERO Junction is making a significant investment to bring the Mingo Junction steel plant back online.” added Mr. Franjone
The impact is also being felt in the local community as businesses are being called upon during the start-up process. Local economic impact is expected to continue during the normal operation of the plant which may begin operations by the end of 2016.
“The sale and restart of the Mingo Junction steel operations is a perfect example of the mission of FGC.” commented Craig A. Slater, Vice President and General Counsel for FGC. “Our mission is Recovery, Redevelopment and Repurpose. We saw the potential in the Mingo site beyond just asset recovery, demolition / scrapping or leveling the site for redevelopment. A sale was always at the center of our strategy.”
Instrumental in helping FGC close a deal with ACERO Junction for the steel plant were various economic development agencies including Jobs Ohio, the Jefferson County Port Authority, and officials from the Village of Mingo Junction.
While the sale of the Mingo Junction steel making facility was significant, it was not the only piece of FGC’s redevelopment plans for the site. FGC is also working on development plans for the southern area of the Mingo Junction site known as the South Yard.
“As demand for industrial space with rail access grows stronger, we are working with several potential users for the lease or sale of the southern property at Mingo Junction.” commented Christopher Wietig, special project director for FGC. “We believe the restart of the steel plant will be a catalyst for repurposing and redevelopment of the balance of the vacant land at the Mingo site.”
Founded in 2001, the Frontier Group of Companies brings together strategically aligned businesses with expertise and capabilities in the area of large-scale industrial and commercial facility reuse, repurposing and redevelopment. The companies of the Frontier Group include industry leading operations for industrial demolition, industrial dismantling, asset recovery, equipment repurposing, industrial clean-up, site remediation, brownfield redevelopment, facility acquisition, real estate development, energy exploration, energy production, and materials recycling.
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