Bob Dylan once lamented that he was "stuck inside of Mobile with the Memphis blues again." For manufacturers, though, rather than being a dead end, Mobile is becoming a destination of choice to locate their operations. In May, for instance, German steelmaker ThyssenKrupp AG announced that it plans to build a $4.19 billion steel plant just north of the city.
Mobile is located on the Gulf Coast, and the Alabama Port Authority's decision to build a new terminal on Pinto Island near Mobile played a major role in ThyssenKrupp's decision to locate there, the Associated Press reported. The new steel mill scheduled to open in 2010 will process flat carbon steel and stainless steel and is expected to employ approximately 2,700 people. The plant is reportedly the largest ever announced in Alabama.
|Container berth in downtown Mobile.|
In February, IndustryWeek's sister magazine Expansion Management ranked Mobile No. 27 on its list of "America's 50 Hottest Cities" to expand or relocate facilities.