AHOSKIE, N.C.–(BUSINESS WIRE)–North Carolina & Virginia Railroad Company, LLC (NCVA), a subsidiary of Genesee & Wyoming Inc. (G&W), will serve a new $875 million specialty steel-manufacturing facility for US Forged Rings (USFR) in Cofield, North Carolina.
Once operational, the plant will manufacture forged rings, tubular components and large-scale steel fabrications for construction, power generation, nuclear, offshore wind, oil and gas, defense and aerospace industries across the U.S. It is expected to bring more than 600 jobs to the area.
“NCVA welcomes the opportunity to support USFR and such a critical project that strengthens the U.S. industrial sector and expands the manufacturing backbone of eastern North Carolina,” says Michael Miller, G&W CEO. “With new rail infrastructure and strong public-private partnerships, Hertford County is a prime location for manufacturing and is bolstered by dependable freight-rail service from NCVA, which has longstanding roots in the area economy and offers customers a connection to the broader North American freight-rail network via CSX.”
NCVA is providing track design consultations to USFR to enable safe and efficient rail service at their facility and anticipates hauling inbound steel plate and slab, as well as outbound components, for the company.
The facility is located adjacent to a Nucor Steel plant, which has also been served by NCVA since 2000.
About G&W
With more than 100 owned or leased freight railroads, Genesee & Wyoming Inc. (G&W) is the largest short line railroad holding company in North America. The company’s subsidiaries and joint ventures serve 2,000 customers over more than 13,000 miles of track and also provide rail service at more than 30 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, and industrial railcar switching and repair. G&W is owned by Toronto-based Brookfield Infrastructure Partners, L.P., as well as GIC.
Contacts
Tom Ciuba
Vice President of Communications
[email protected]
