A major boost to Arkansas’ steel industry is on the way as Marubeni-Itochu Steel America Inc. (MISA) plans a new flat-rolled steel processing plant in Osceola. The more than $37 million investment is expected to create 35 high-paying jobs in Mississippi County.
The facility will be built adjacent to Big River Steel and will increase the region’s ability to produce high-quality steel for industries including automotive manufacturing. The plant will be operated by MISA Specialty Processing (MSP), expanding the company’s North American footprint.
“Our commitment to investing in Mississippi County reflects our confidence in the region’s potential and its skilled workforce. We are excited to contribute to the local economy and bring sustainable job opportunities to the area. This $40 million investment is a testament to our efforts to increase our business in North America and contribute to the economy,” said Toshio “Tony” Namiki, president and CEO of MISA.
State and local leaders say the project further cements Mississippi County’s status as a national steel powerhouse, with Governor Sarah Huckabee Sanders calling it “an investment in building America.”
“Arkansas is at the center of the American steel boom, and this expansion continues to strengthen an industry that powers everything from our infrastructure to our economy,” Gov. Sanders said.
With construction ahead, the new plant is expected to strengthen Arkansas’ role in the country’s growing steel industry while bringing new jobs and opportunities to the region.
“From our skilled workforce to our strategic location, there’s a reason why Mississippi County is recognized as an industrial powerhouse,” said Clif Chitwood, CEO of the Great River Economic Development Foundation.
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