Tagged: john correnti

John Correnti, Governor Break Ground on $1.3B Big River Steel Mill

by Andrew DeMillo, The Associated Press 9/22/2014 11:17 am

Steel executive John Correnti, Gov. Mike Beebe and other state and local leaders marked the groundbreaking of the $1.3 billion Big River Steel project Monday in Osceola.

Nucor Steel Files Lawsuit Against Big River Steel

by Associated Press 8/12/2014 7:25 am

Nucor Steel has filed a lawsuit in federal court that attempts to block a competitor from opening a mill in Mississippi County.

Clinton Connected With Correnti To Lobby for Big River Steel Plant

by Arkansas Business Staff 7/28/2014 12:00 am

John Correnti, the man behind Big River Steel and this week’s Executive Q&A, thought he was being pranked when former President Bill Clinton called to lobby Correnti to put his $1 billion-plus steel mill in Arkansas.

Big River Steel's John Correnti on Government's Role in Private-Sector Projects? 'Stay Out'

by Arkansas Business Staff 7/28/2014 12:00 am

John Correnti, chairman and CEO of Big River Steel LLC, has more than 40 years of experience in the steel industry. Big River Steel, a $1.3 billion project, is being built in Mississippi County near Osceola. It’s expected to employ more than 525 workers with average yearly compensation of $75,000.

Arkansas Panel Approves Air Permit for Big River Steel

by Associated Press 4/25/2014 3:43 pm

An environmental regulatory panel has issued an air quality permit for a planned $1.2 billion steel mill in northeast Arkansas.

County Judge: Work on Big River Steel Mill to Begin By Mid-June

by Associated Press 3/24/2014 11:12 am

Mississippi County should see construction of a $1.1 billion steel mill begin by early summer now that an administrative law judge has rejected a challenge to the plant's air-quality permit, the county's chief administrative officer says.

$1.1 Billion Big River Steel Project Making Progress

by Jan Cottingham 2/24/2014 12:00 am

A year after the highly publicized announcement that a $1.1 billion steel mill was coming to Mississippi County, economic development officials say the project is moving forward despite a rival’s objections.

Osceola Mayor: Blue Oak Resources to Build $33M Facility

by Associated Press 2/14/2014 2:00 pm

Officials in Osceola says the new manufacturer, whose board is chaired by Big River Steel leader John Correnti, will build a $33 million facility and create 75 jobs.

Fighting Fairly (Editorial)

by Arkansas Business Editors 11/11/2013 12:00 am

Using the government regulatory process to block a competitor signals an unwillingness to fight on the traditional market battlefields of price, quality and efficiency. We’re sure it’s happened before, but it’s neither good business nor good policy.

Nucor Objection Delays Big River Steel Construction

by Arkansas Business Staff 11/4/2013 9:50 am

Nucor Steel is trying to block the opening of a competing $1.1 billion steel mill in northeast Arkansas by objecting to the new company's requests for environmental permits.

Big River Steel Mill Lining Up Customers

by Chuck Bartels, The Associated Press 9/22/2013 5:16 pm

Financing for a $1.1 billion steel mill planned for northeast Arkansas expects to be wrapped up by the end of the year, but until then backers will be lining up customers and suppliers.

Davy Carter, Michael Lamoureux Back Big River Steel Plan

by Associated Press 3/29/2013 7:38 am

State House and Senate leaders on Thursday came out in support of a $125 million financing package that's been proposed to help build a steel mill in northeast Arkansas, saying the benefits of the project outweigh any risks to the state.

Mississippi County Court Approves Big River Steel Incentives

by Associated Press 3/28/2013 8:33 am

The Mississippi County Quorum Court has approved $14.5 million in local incentives to bring a $1.1 billion steel mill to the county. The plan approved this week is contingent on the Legislature approving a $125 million financing package for Big River Steel to build the mill near Osceola.

John Anton: Big River Steel a '6' on Scale of Good Investments

by Mark Carter 3/26/2013 10:34 am

Although Big River Steel reviews weren't over the top, consultant John Anton of IHS Global Services did rate the proposed $1.1 billion project a "6, maybe a 7" on a 10-point scale of good investments in a Monday meeting with Arkansas lawmakers.

Consultants, Nucor, Correnti Talk Big River Steel in 5-Hour Session

by Michael Stratford, The Associated Press 3/26/2013 7:16 am

A pair of outside consultants on Monday offered mixed reviews of Gov. Mike Beebe's proposal to provide a company with $125 million in state financing to build a steel mill in the northeast part of the state.

Big River Steel CEO John Correnti Hopes for Fall Groundbreaking

by Associated Press 3/20/2013 9:39 am

The developer behind a planned $1.1 billion steel mill in northeast Arkansas says he hopes to break ground on the project this fall if everything goes as planned. The Legislature, which must approve an incentive package for the deal, is expected to discuss the financing next week.

Big River Steel Bills Ready for Next Step in Legislature

by Lance Turner 3/12/2013 11:40 am

Arkansas legislators by Monday had filed at least 10 bills dealing with state incentives for the $1.1 billion Big River Steel manufacturing plant proposed for a site near Osceola (Mississippi County).

Legislative Consultant to Vet Big River Steel Project

by Chuck Bartels, The Associated Press 2/24/2013 5:12 pm

The clock is running as legislators seek information about a $1.1 billion steel plant proposed for Osceola. As of Monday, the House and the Senate have 18 working days to look into whether it would be right for the state to $125 million to help finance the project.

Proposed Big River Steel Mill Gives Community ‘Reason to Exist’

by Jan Cottingham 2/11/2013 12:00 am

It took John Correnti and Arkansas economic development officials about a year to put together the deal for a $1.1 billion “mini-mill” to be built near Osceola, a plant that would employ 525 people earning an average yearly compensation of $75,000 apiece.

Potential Rewards Big for Big River Steel Mill, But Risks Remain

by Chuck Bartels, The Associated Press 2/10/2013 5:46 pm

The planned $1.1 billion steel mill in Osceola carries the promise of a long-term economic boost for northeast Arkansas, but investors — including the state — face a number of risks.