Koch Industries subsidiary Koch Minerals is a key investor of the River Steel LLC project in building steel plant with the worth of US$1.1 billion. The plant would be a mini mill which converts steel scrap into various grades of steel.
The developer promises to employ 2,000 people during construction and more than 500 when the plant is operating. Arkansas Legislature currently is analyzing the financial performance and business plans of Big River Steel LLC.
Arkansas Teacher Retirement System and The Arkansas Legislature also invested in this project and waited bids from consultants.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63219&division=A9
