(McClatchy) This rust-bucket town near Buffalo is a perfect example of the transformation that fracking has brought to American business, where new life has been breathed into manufacturing and the nation’s railroads even as much the economy bumps along at a subpar pace.
On land that three decades ago bustled with thousands of steel workers, then lay fallow for years when America’s steel industry went bust, a new business now thrives: Welded Tube USA Inc., a subsidiary Welded Tube of Canada Corp. In September, the brand new Lackawanna plant started making steel pipes for private companies that drill for natural gas and crude oil.
Welded Tube plans in its first year to make about 100,000 tons of steel pipe used to push deep below the Earth’s surface in search of oil and natural gas. That’s more than five Eifel Towers annually on a single shift. A second shift is being eyed for February, and if the boom continues, plans call for more than tripling output to 350,000 tons, something the owners of the privately held company expect to happen in five years or less.
Read full article here.
0 comments:
Post a Comment