On Wednesday, March 9, more than 50 manufacturers joined representatives of the Youngstown/Warren Regional Chamber and the office of Sen. Capri Cafaro in welcoming MAGNET to its new office located on the third floor of the Regional Chamber building in downtown Warren. The event earned positive coverage in the region’s two biggest newspapers: MAGNET office opens, by Kristen Russo, Youngstown Vindicator, March 10, 2011 Youngstown, Ohio—The Youngstown/Warren Regional Chamber sponsored Wednesday’s reception, which was scheduled to celebrate MAGNET’s new office inside the chamber’s Warren location at 197 W. Market St. MAGNET sets up shop in Warren, by Larry Ringler, Warren Tribune-Chronicle, March 10, 2011 Warren, Ohio—Mayor Michael O’Brien is counting on business consulting agency MAGNET to live up to its name at its new downtown Warren office. "Having them in Warren will be a drawing card for manufacturing in Trumbull County because they’re just five minutes away. It’s a huge asset."
Warren, Ohio–The Renco Group announced this morning that its newly formed subsidiary, RG Steel LLC, has signed a stock purchase agreement to acquire three of OAO Severstal North America’s steel operations – including Severstal Warren – for $1.2 billion. Read the complete story at the Youngstown Business Journal. Read the Severstal NA press release here. View all this week’s Northern Ohio Manufacturing News Briefs on MAGNET’s site.
Here’s an important development for dozens of manufacturers in Northern Ohio who are competing on the global stage: Final vote sets duties on Chinese steel pipe, Warren Tribune-Chronicle, February 9, 2011 Washington—U.S. Rep. Timothy J. Ryan, D-Niles, called Monday’s vote by the United States International Trade Commission to place anti-dumping and countervailing duties on the Chinese pipe "a win for our manufacturers," adding the Obama Administration is "holding China accountable" for unfair trade practices. The ruling benefits TMK IPSCO, V&M Star, Wheatland Tube and other area manufacturers. Check out all this week’s news briefs about manufacturing in Northern Ohio on MAGNET’s Northern Ohio Manufacturing News page.