North Carolina & Virginia Railroad Company, a Genesee & Wyoming subsidiary, said it will serve a new $875 million specialty steel-manufacturing facility for US Forged Rings in Cofield, North Carolina.
Once operational, the plant will manufacture forged rings, tubular components, and large-scale steel fabrications for the construction, power generation, nuclear, offshore wind, oil and gas, defense, and aerospace industries across the U.S. It is expected to bring more than 600 jobs to the area.
NCVA is providing track design consultations to USFR to enable safe and efficient rail service at their facility and anticipates hauling inbound steel plate and slab, as well as outbound components, for the company. The facility is located adjacent to a Nucor Steel plant, which has also been served by NCVA since 2000.
“NCVA welcomes the opportunity to support USFR and such a critical project that strengthens the U.S. industrial sector and expands the manufacturing backbone of eastern North Carolina,” Genesee & Wyoming CEO Michael Miller said in a release. “With new rail infrastructure and strong public-private partnerships, Hertford County is a prime location for manufacturing and is bolstered by dependable freight-rail service from NCVA, which has longstanding roots in the area economy and offers customers a connection to the broader North American freight-rail network via CSX.”
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