Indiana Ports set Quarterly Tonnage Record
The Ports of Indiana handled nearly 3.9 million tons of cargo during the fourth quarter of 2016, the highest quarterly shipment total in the organization's 55-year history. The total surpassed the ports' previous quarterly record set in the second quarter of 2015 by 300,000 tons. The state's three ports' shipped nearly 11.3 million tons in 2016, the second highest volume in history and the third consecutive year the ports exceeded 10 million tons annually. Since 2014, the Ports of Indiana has handled 34 million tons of cargo, the highest three-year total since Indiana's ports opened. Major cargoes included coal, steel, grain, fertilizer and limestone.
POSCO Production at Indiana Ports to start in 2017
Officials from POSCO, the Ports of Indiana and community leaders gathered to break ground today on POSCO's new wire rod processing center at the Port of Indiana-Jeffersonville. POSCO is a multinational company headquartered in Pohang, South Korea, and the fifth-largest steel producer in the world. The new $19 million facility is expected to begin operations in 2017 and create up to 60 high-wage jobs by 2018. POSCO is South Korea's fourth largest company, behind Samsung Electronics, SK Holdings and Hyundai Motors, and is ranked No. 162 in Fortune's Global 500. "When a global company like POSCO selects Indiana for its newest plant, it is a strong endorsement of our state's pro-business environment and talented workforce," said Governor Mike Pence.
POSCO Plans Port Plant at Indiana-Jeffersonville
POSCO, a multinational company headquartered in Pohang, South Korea, and the fifth-largest steel producer in the world, has announced plans to build a wire rod processing center at the Port of Indiana-Jeffersonville, creating up to 60 high-wage jobs by 2018. POSCO is South Korea's fourth largest company, behind Samsung Electronics, SK Holdings and Hyundai Motors, and is ranked No. 162 in Fortune's Global 500. "Although we are located on different continents, South Korea and Indiana both share a reputation of excellence when it comes to advanced manufacturing," said Governor Mike Pence. "Having a globally-focused company like POSCO select Indiana to grow its business is a strong endorsement of our state's low-cost…
