News & Press
Ohio’s Steel Industry Attracts Canada-Based Nova Steel
Nova Steel will build a new steel manufacturing plant and create 100 new jobs in Ohio
Company Name: Nova Steel
Location: Delta
Company Profile: Nova Steel is a privately owned Canada-based company with over 35 years of steel processing, manufacturing and distribution expertise. Nova Steel has over 1,000 employees in 18 locations across North America. The company supports the automotive, construction, mining, agriculture, transportation, plumbing, HVAC, waste equipment, rail and other related industries.
Company Website: www.novasteel.ca/en
Project Summary:
- Type of Project: New location
- Jobs committed: 102
- Capital Investment: $72,000,000
- Timetable: The company will break ground by mid-2020, and the plant is expected to be fully operational in 2021.
Company Need:
Founded in 1979, Nova Steel has evolved into a diversified, value-added manufacturer of steel products with nine operations across North America. To enhance continued growth, the company sought location for a new steel tub and structural support manufacturing plant that also provides easy access to North American steel industry hubs.
Testimonial:
Why Ohio?
Nova Steel chose Delta in northwest Ohio for the investment and construction of a 200,000-square-foot plant. The primary advantage for Nova Steel investing in Ohio is a central location in the steel marketplace.
Ohio has been No. 2 in the nation in raw steel production every year within the last decade, annually pouring anywhere from 6.6 to 16.1 million tons, or 10.1% to 14.9% of the total U.S. output.
The state’s transportation assets, including rail and the heavy load limits on highways and the availability of land, resulted in a compelling Ohio advantage.
Collaborators:
Regional Growth Partnership, Fulton County Economic Development Corporation, Toledo Edison/FirstEnergy, JobsOhio and the Ohio Development Services Agency