2006 CiCi Awards: Corporate Investment
28 Feb, 2006
CiCi Awards, 2006:
Freescale Semiconductor, a spin-off of Motorola Inc., has chosen to keep Austin, Texas, as its global headquarters, despite fierce competition from other cities and states around the world, and the now-independent company plans to invest about $600 million and create about 500 new jobs during the next 10 years at the site.
The Boards of Directors for Holcim (US) Inc. and its parent company, Holcim Ltd gave final approval in November 2005 to move forward on the construction of the Ste. Genevieve Project, a large cement production facility located in Ste. Genevieve County, Missouri. When construction is complete and the plant begins operations in 2009,the plant will employ approximately 200 workers and be the catalyst for $1 billion in capital investment, plus new state and local taxes generated by the economic activity. Four million metric tons of cement are expected to be produced each year.
The infusion of 1,494 jobs, $57,645,000 in total labor income and $3.5 million in State General Fund Revenue is the estimated operational result of the $700-million steel mini-mill being constructed by SeverCorr in the Tennessee Valley near Columbus, Mississippi in Lowndes County. It is expected that some 1.5 million tons of flat-rolled steel sheets will be produced annually to supply more than 10 automotive plants in the Southeast, including Nissan Motor Company’s Canton, Mississippi facility.