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// December 1, 2014//
Texas-based Commercial Metals Co. will invest $12 million to relocate and expand its manufacturing operation in King George County.
The project will retain about 40 existing jobs and create another 20 new positions, the governor’s office said.
Commercial Metals, founded in 1915, is a Fortune 500 company based in Irving, Texas.
The company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services.
Its holdings include steel minimills, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the U.S. and abroad.
The Virginia Economic Development Partnership worked with King George County and the Fredericksburg Regional Alliance to secure the project.
The company is eligible for rail access funding from the Virginia Department of Rail and Public Transportation.
Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.
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