Mobile-based Bay Steel Corp., which supplies structural material for a wide variety of industrial uses in the Southeast, has announced a major expansion project.
According to information released Tuesday by the company and the Mobile Area Chamber of Commerce, the family-owned company will invest $6.29 million as it moves from the Port of Mobile to 32 acres it owns on Todd Acres Drive across from Mobile Commerce Park, a location that gives easy access to I-10 via Rangeline Road.
Bay Steel will construct 76,500 square feet of office and warehouse space on 7.5 acres of the property. The company will add five employees to its current roster of 13, with the new facility expected to be open in early 2020.
Chamber of Commerce officials said the project received an abatement of city, county and state sales and use taxes related to construction, with an estimated value of $207,000 over 2 years. The financial net benefit of the project over 15 years was estimated at $1.3 million.
Bay Steel Vice President Neal Collins described the company as a wholesaler of carbon-steel products used in heavy fabrication, plant maintenance, shipbuilding and other industrial work. He said that while the company does import and export some material, moving away from the port would not be a significant disadvantage.
“Our new operations will allow us to be more efficient with our space, triple the number of overhead cranes and gives us room to grow, and we’re excited about that,” Collins said in Tuesday’s announcement.
Colton Cureton, the Chamber of Commerce project manager on the development, described Bay Steel as the only steel service center and metal wholesaler headquartered in Mobile. The company was founded in 1988 by Bob Collins.
Mobile-based MW Rogers Construction Co. will serve as general contractor on the project.