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Tuesday, June 27, 2017

Chemical Plants Helping to Revive Youngstown Manufacturing Industry

From ValueWalk:
Youngstown seems like the heart of the rust belt, a former steel town with a strong union presence that saw massive job losses after changing economic conditions forced the closure of manufacturing plants in the 1970s. Industry is returning to Youngstown, however–it just looks a little different. Instead of the steel pipes and raw materials the area produced before, manufacturers are instead looking at the area as a perfect location for chemical manufacturing. This, in turn, is boosting hiring in the area. 
Royal Dutch Shell is building a $6 billion cracker plant 40 miles south of Youngstown in Monaca, Pa. In addition, PTT Global, a Thai company, is considering a similar scale project in Belmont County. Plants of this scale will create thousands of construction jobs for a two to three year period, and hire a 600 person staff once completed. 
These figures don’t include the thousands of jobs necessary to bring the various new plants on line. The Shell cracker plant alone is predicted to provide temporary work for more than 6,000 tradesmen and take 18 months to construct. 
“This plant will have serious ramifications for our supply chain companies, especially in plastics and petrochemicals,” says Guy Coviello, vice president of governmental affairs at the Youngstown-Warren Regional Chamber of Commerce.
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