Ryerson to spend $7 million on Iowa plate-processing facility

Nov 19, 2010 | 12:24 PM | Corinna Petry

Ryerson Inc. executives said Friday that the company expects to invest at least $7 million to open a new 175,000-square-foot plate-processing facility in Iowa as early as the third quarter of 2011.

The company will purchase what state economic development officials describe as a former transportation and logistics warehouse in Eldridge, Iowa, and install shot-blasting, plasma-burning, oxyfuel and laser-cutting equipment, Mike Burbach, president of Ryerson's Midwest Region, told AMM.....

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