A long-abandoned steel factory in Gibraltar, Michigan is about to get a new life thanks to a $53 million investment.
The former McLouth Steel Corp. plant in Gibraltar is set to reopen after the Wayne County Commission on Thursday unanimously approved a brownfield plan for the 42.5-acre property.
Ferrous Cal Co., a subsidiary of Cleveland-based metal processor Ferragon Corp., acquired the 600,000-square-foot plant and property in February from Steel Rolling Holdings Inc. [photo credit: CoStar]