Categories: Energy and Chemicals

Spray Products Corp. has acquired a facility in Medina to accommodate its rapid expansion. Local, regional and state partners came together to support the revitalization of a vacant Valspar spray facility, which is an ideal fit for Spray Products’ production needs.

Cleveland-Cliffs Inc., a Cleveland-based major supplier of iron-ore pellets, broke ground on its first hot briquetted iron (HBI) production plant near the Port of Toledo. The company is investing $700 million in the facility, which will be the only one of its kind in the Great Lakes Region. The plant will create up to 1,200 construction jobs and 130 permanent jobs with an average salary and benefit package exceeding $100,000 a year.

Cliffs Natural Resources Inc. new plant will play a key role in its goal to produce 1.6 million tons of hot briquettediron per year for the steel market.

Oil, gas and energy leaders in the tri-state area gathered to discuss the resurgence of prosperity in the industry.