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The
huge German steelmaker ThyssenKrupp AG
announced it will build a $4.19 billion
steel plant in Mobile, Alabama. The project
could create thousands of jobs. |
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Louisiana
was the other finalist, and both states
offered millions of dollars in tax breaks
and other incentives to get the plant. |
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Alabama's
Governor Bob Riley celebrated ThyssenKrupp's
decision. He said, "A project this size,
with this amount of economic impact, comes
along perhaps once in a generation." |
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Globalization
is a two-way street. No. Wait. Globalization
means globalization. Many nations, most
industries, and many companies will benefit
by expanding globally. |
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Globalization
should not be resisted. Resistance of the
inevitable is counterproductive anyway. Join
in, develop, and profit. |
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The plant
will open in 2010. It is expected to employ
up to 2,700 workers when operating at full
capacity. It will create up to 38,000
related jobs including suppliers,
transportation, dining, and entertainment
work. |
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The total
facility is planned to have an annual
capacity of 4.1 million metric tons of
carbon steel end products. |
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The plant
will be near Calvert, a town of about 500
residents. Calvert is so small that
residents now must go to the post office to
pick up mail because there is no street
delivery. |