Classic Hits 103.9 WLPO

News from the Illinois Valley

Some Movement On Closed Hennepin Plant

Posted by wlpo on September 1, 2009

State Representative Frank Mautino says a steelmaker from California is in the process of putting his finances together and in the bank to show Arcelor Mittal that he’s serious about buying their plant. The potential buyer has made a formal offer of 100 million to buy Arcelor according to Mautino.

Despite the offers, company officials have still been trying to move equipment out only to be stopped by picketing workers. Mautino says the picketers work is giving people like him a chance work out a sale.

Sorry, the comment form is closed at this time.

%d bloggers like this: