Industrial house – Maximum Douglas http://maximumdouglas.com/ Wed, 29 Jun 2022 18:21:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://maximumdouglas.com/wp-content/uploads/2021/11/icon-120x120.jpg Industrial house – Maximum Douglas http://maximumdouglas.com/ 32 32 £15million Hampstead ‘Megamansion’ hits market in London https://maximumdouglas.com/15million-hampstead-megamansion-hits-market-in-london/ Wed, 29 Jun 2022 14:36:00 +0000 https://maximumdouglas.com/15million-hampstead-megamansion-hits-market-in-london/ A five-bedroom megamansion with sprawling grounds adjacent to London’s Hampstead Heath has gone on the market for 15 million ($18.3 million). TONY MURRAY/BEAUCHAMP ESTATE Text size A five-bedroom megamansion with sprawling grounds adjacent to London’s Hampstead Heath has gone on the market for £15million ($18.3million). Known as Lawn House, the 8,262 square foot residence was […]]]>

A five-bedroom megamansion with sprawling grounds adjacent to London’s Hampstead Heath has gone on the market for 15 million ($18.3 million).

TONY MURRAY/BEAUCHAMP ESTATE

Text size


Source link

]]>
Shenandoah County supervisors to hold second public hearing on sale of Mount Jackson property https://maximumdouglas.com/shenandoah-county-supervisors-to-hold-second-public-hearing-on-sale-of-mount-jackson-property/ Tue, 28 Jun 2022 21:53:00 +0000 https://maximumdouglas.com/shenandoah-county-supervisors-to-hold-second-public-hearing-on-sale-of-mount-jackson-property/ WOODSTOCK, Va. (WHSV) — The Shenandoah County Board of Supervisors is scheduled to meet Tuesday night. During the meeting, council will hold a second public hearing into the potential sale of Mount Jackson property that is upsetting some people in the county. At the first public hearing on June 14, several county residents expressed concerns […]]]>

WOODSTOCK, Va. (WHSV) — The Shenandoah County Board of Supervisors is scheduled to meet Tuesday night. During the meeting, council will hold a second public hearing into the potential sale of Mount Jackson property that is upsetting some people in the county.

At the first public hearing on June 14, several county residents expressed concerns about the proposed sale of county property along the 300 block of Tisinger Road in Mount Jackson, just off Interstate 81.

The property was donated to the county by the Shenandoah County Sheriff’s Office in 2018 and contains two buildings that have primarily been used for storage.

A local buyer has made an offer to buy the property for $605,000, but some believe the county should market the property to try and get a better deal.

“We know what the plan for the offer that has arrived is for. It’s a growing company looking to expand, this facility works for what it’s trying to do. It’s a local business, it would be nice to support our local businesses,” said Karl Roulston, chairman of the Shenandoah County Board of Supervisors.

Shenandoah County residents told WHSV that the buyer is Nancy Barnett, treasurer of the county’s Republican Party and president of Industrial Maintenance Solutions Inc.

The board said no decision had been made and feedback gathered on Tuesday evening would play a significant role in how this plays out.

“The first step is it acceptable to sell the property? Is stage two good enough or do we think we could get more? That’s going to decide if we go to auction, sealed bid, or whatever,” Roulston said.

Roulston said that from what he’s heard, the public doesn’t seem to have a problem with the county selling the property, but want to make sure the profit the county makes from the sale is maximized.

After Tuesday’s public hearing, council will have a number of different options on how to proceed.

“We don’t have to accept this offer. We could go to an auction, we could have a sealed auction, we could potentially hand it over to IDA (Industrial Development Authority) and let them look after the property,” Roulston said.

The council could also market the property to see if any offers come in, but Roulston said so far there doesn’t appear to be much interest from other potential buyers.

“Honestly, we haven’t heard anything and we can’t pretend it’s a secret now, it’s been covered up, we’ve had a public hearing, and yet no other offers have been made for this building,” did he declare.

The Shenandoah County Board of Supervisors meets at 7 p.m. Tuesday in the council chambers of the County Government Center in Woodstock.

Copyright 2022 WHSV. All rights reserved.


Source link

]]>
U.S. real estate giant Blackstone says it won’t target single-family homes in its Canadian expansion https://maximumdouglas.com/u-s-real-estate-giant-blackstone-says-it-wont-target-single-family-homes-in-its-canadian-expansion/ Tue, 28 Jun 2022 00:10:45 +0000 https://maximumdouglas.com/u-s-real-estate-giant-blackstone-says-it-wont-target-single-family-homes-in-its-canadian-expansion/ Blackstone Inc. BX-N said on Monday it had no interest in investing in single-family homes in Canada, ending speculation that the global asset management giant would scoop up hundreds of Canadian homes and turn them into in rental properties. After Blackstone announced plans in May to establish a Canadian office in Toronto, rumors abounded that […]]]>

Blackstone Inc. BX-N said on Monday it had no interest in investing in single-family homes in Canada, ending speculation that the global asset management giant would scoop up hundreds of Canadian homes and turn them into in rental properties.

After Blackstone announced plans in May to establish a Canadian office in Toronto, rumors abounded that the private equity firm would unleash its firepower, gobble up homes and increase competition for individuals and families seeking to buy houses. The typical price of a home across the country has soared 50% over the past two years and real estate investors have come under scrutiny for their role in heightening competition and rising prices. price.

But Blackstone’s head of real estate for the Americas, Nadeem Meghji, said that was not in the cards for the company’s Canadian expansion.

“It’s just not something we’re focused on in Canada,” he said in a joint interview with Janice Lin, the new director of Blackstone Canada.

Blackstone targets Canadian real estate and opens an office in Toronto

The New York-based company, which manages $915.5 billion in assets, has been accused of profiting from the US housing slump in 2007 after buying up lots of distressed properties and dumping them then leased to US residents.

Blackstone said he did not own any single-family homes before the crisis and did not foreclose on any of the properties. He also said many of his purchases were homes that had been left vacant and driving down local property values.

Blackstone has since sold that business and owns a leasing business called Home Partners of America – one of many players in the growing single-family home rental market in the United States.

“We don’t have a similar platform in Canada and we have no plans to launch one because, from our perspective, we believe there are simply better places to deploy capital. in the Canadian market,” said Meghji.

Ms. Lin, a former executive of the Canada Pension Plan Investment Board, is responsible for Blackstone’s expansion in Canada. She cited the country’s favorable immigration policies and strong population growth as two key factors that make Canada a winner for the capital of Blackstone.

Blackstone primarily owns warehouses and other industrial space in Canada, as well as a few office towers. It also has investments in apartment building developments. Together they are worth around US$14 billion, according to Blackstone, which is only a tiny fraction of the company’s global real estate portfolio.

Both Ms. Lin and Mr. Meghji said the company would continue to invest in industrial and high-end office buildings, as well as hotels.

Blackstone has previously said it expects its growth here to be significant. Meghji wouldn’t quantify “significant” except to say he expects growth to be significant and that Canada could eventually command a larger share of Blackstone’s global real estate portfolio.

Your time is valuable. Receive the Top Business Headlines newsletter in your inbox morning or evening. register today.


Source link

]]>
Land Acquisition: Homeowners in Ulepady, Karnataka worry about uncertain future https://maximumdouglas.com/land-acquisition-homeowners-in-ulepady-karnataka-worry-about-uncertain-future/ Mon, 27 Jun 2022 05:28:19 +0000 https://maximumdouglas.com/land-acquisition-homeowners-in-ulepady-karnataka-worry-about-uncertain-future/ The future of those who own small landholdings with three to five hundred of land is bleak in the village of Ulepady, where the Karnataka Industrial Areas Development Board (KIADB) has issued a notification for the acquisition of 1 091 acres of land for industrial purposes. The poor who had built houses on three to […]]]>

The future of those who own small landholdings with three to five hundred of land is bleak in the village of Ulepady, where the Karnataka Industrial Areas Development Board (KIADB) has issued a notification for the acquisition of 1 091 acres of land for industrial purposes. The poor who had built houses on three to five centimes of land have no idea of ​​their future.

Some have title deeds for the house in which they reside while others have requested, under Article 94 C of the Land Revenue Act, to regularize the land on which they have built houses.

Sridevi from Ulepady said, “We have heard that the land we are staying on will be acquired by KIADB. My house is built on four hundred of land. I have lived here for nine years. There are four houses nearby. I had availed about Rs 2 lakh to build a house from three SHGs. If we get evicted, how am I going to repay the loan amount? »

“Where will we go if our houses are acquired? I have three small children under the age of 10. It will be difficult if we are asked to leave the place. Many of us don’t even have proper records. As a result, compensation will only be a dream,” said another woman.

Jagadishwari from SC/ST settlement in the village said, “I have lived here for 35 years. We will not leave our land. I worked hard in the rice fields to earn a living. I have to work daily to have three meals a day. If we are asked to leave, we have nowhere to go,” she said with tears streaming down her cheeks.

Living in a thatched-roof hut covered in tarpaulins, Bhavani said she had lived in the settlement for 70 years.

“I receive an old-age pension to live on. I used to work in paddy fields, areca nut gardens and other odd jobs to earn a living and I stopped working for the past two years. My three children also have difficulties. So I don’t want to burden them by staying with them. I live alone all alone. What will happen to us if our houses are acquired? she asked.

Savithri, another woman from the settlement, told DH: “I have four children. Where are we going, taking these children, if the land is acquired.”

“At least my husband has odd jobs to earn a living here in Ulepadi. ​​If we are forced to change jobs, what jobs are we going to find to earn a living?” she asked.


Source link

]]>
Developer considering distribution or data center near Balls Ford Road | Securities https://maximumdouglas.com/developer-considering-distribution-or-data-center-near-balls-ford-road-securities/ Sun, 26 Jun 2022 11:30:00 +0000 https://maximumdouglas.com/developer-considering-distribution-or-data-center-near-balls-ford-road-securities/ A North Carolina developer is seeking approval from Prince William County to set up its second distribution center in the Manassas area, but the company is also considering building a data center on the property. SunCap Property Group of Charlotte, North Carolina, applied on March 18 to amend the terms of a 2015 rezoning of […]]]>

A North Carolina developer is seeking approval from Prince William County to set up its second distribution center in the Manassas area, but the company is also considering building a data center on the property.

SunCap Property Group of Charlotte, North Carolina, applied on March 18 to amend the terms of a 2015 rezoning of 28.35 acres at 10920 Balls Ford Road.

In 2015, the county rezoned 128.4 acres spread across the intersection of Balls Ford Road and Ashton Avenue from agricultural use to planned mixed-use district and planned mixed residential zoning.

The 2015 rezoning authorized 255 townhouses, 161 single-family homes, 1 million square feet of office space, and 115,000 square feet of unspecified commercial uses.

The rezoning covered three unconnected parcels. Construction took place only on the residential part.

SunCap’s request applies to an undeveloped portion north of Balls Ford Road owned by Tysons-based NVC LLC.

The primary purpose of the application is to add distribution and distribution centers to the permitted uses on the property, which is zoned into a planned mixed-use neighborhood, office building and industrial building.

The application says the review would allow the undeveloped property to support 1 million square feet of office space, 637,500 industrial uses and a 250,000 square foot distribution and processing center.

“The addition of the use of the distribution and fulfillment center…is designed to provide the necessary flexibility in the marketing, development and use of the property,” the request states.

However, the application would add a section to the design guidelines for the data center-related property that was not included in the 2015 rezoning. Additionally, rather than a mix of uses, the added section indicates that the property could be developed for 1 million square feet of office uses, 637,570 square feet of industrial uses, or 1.3 million square feet of data centers.

The property is in the county’s Data Center Opportunity Zone Overlay District, which is designated to reduce regulatory barriers for the industry.

SunCap has built a variety of projects across the country, including four in Virginia, including a 175,300 square foot FedEx Ground facility in the Wellington to Prince William area.

According to the Wilkes Journal-Patriot, FedEx is one of SunCap’s largest customers. The newspaper reported that SunCap received approval in May for a 225,000 square foot facility near Wilkesboro, North Carolina, with local officials saying it would be for FedEx.

No public meeting has been scheduled on the project.


Source link

]]>
Court hears alleged one-eyed boss of ‘elaborate’ drug ring who swam the Liffey to avoid €2million drug bust https://maximumdouglas.com/court-hears-alleged-one-eyed-boss-of-elaborate-drug-ring-who-swam-the-liffey-to-avoid-e2million-drug-bust/ Sat, 25 Jun 2022 17:41:42 +0000 https://maximumdouglas.com/court-hears-alleged-one-eyed-boss-of-elaborate-drug-ring-who-swam-the-liffey-to-avoid-e2million-drug-bust/ AN ALLEGED ‘principal’ in an ‘elaborate’ drug smuggling and money laundering operation swam the River Liffey to escape arrest for a €2million drug seizure, a court has heard. Officers from the Garda National Drugs and Organized Crime Bureau searched a house and arrested vans in Palmerstown, Dublin 20, on June 22. Six men were arrested […]]]>

AN ALLEGED ‘principal’ in an ‘elaborate’ drug smuggling and money laundering operation swam the River Liffey to escape arrest for a €2million drug seizure, a court has heard.

Officers from the Garda National Drugs and Organized Crime Bureau searched a house and arrested vans in Palmerstown, Dublin 20, on June 22.

Six men were arrested during the operation, and on Friday five appeared in court.

Today Gardai brought the sixth man, Carl Powell, before Judge Treasa Kelly of Dublin District Court.

Mr Powell, 34, with an address in Brocklebank Lane, Liverpool, England, was refused bail.

He is charged with possession of cannabis for sale or supply at a house in Mill Lane, Palmerstown and having heroin, cannabis and cocaine in a flat in Dublin 2.

Judge Kelly heard he did not respond to the charges.

Garda Detective Gavin Curran opposed bail due to the seriousness of the case.

He argued that Mr Powell was a ‘main element’ of an organized crime group involved in drug distribution and money laundering.

He told the bail hearing that Gardai set up a surveillance operation and saw him carrying a black Under Armor duffel bag into a house in Mill Lane.

Two vans leaving the property were stopped and searched, resulting in the recovery of 69 kilos of cannabis worth over €1.3m.

On the same day, Gardai searched the house around 6 p.m. and seized 34 kilos of cannabis, worth €680,000.

The court heard that a man had tried to escape, and he entered and swam across the Liffey. He threw away the sports bag, which the gardai say they got back.

Additionally, they searched a flat in Dublin 2. It was allegedly used for an “elaborate money laundering and money trafficking operation”.

Detective Garda Curran said €140,000 of cocaine, heroin worth €180,000 and two kilos of cannabis were recovered, along with vacuum bags of money totaling €864,000.

A “checklist”, a ledger, scales and a counterfeit detection machine were discovered there, the court heard.

Detective Garda Curran alleged that a passport photo of the defendant, a Ryanair ticket and a dentist receipt from Spain were also found.

Mr Powell was arrested at a downtown hotel just after 1pm the following day. He had found his mate.

Detective Curran said the accused, who only has one eye, had a “distinctive appearance”.

At the time of his arrest, he was wearing slippers and a woman’s coat, and “a wet passport was found in his possession”.

The officer said the accused had “multiple scratches” believed to have been caused by branches and undergrowth along the Liffey.

The detective also told the court that the defendant had been living in Spain for seven or eight years. He thought Mr Powell was a flight risk with access to a ‘transnational network’.

Cross-examined by defense attorney Keith Spencer, instructed by attorney Niall O’Connor, the detective agreed that there was no forensic evidence linking the defendant to the downtown apartment. town or at the so-called Palmerstown warehouse.

Pleading for bail, the lawyer said his client had been in Ireland since December and benefited from the presumption of innocence.

He was supported in court by his partner and helped look after his children.

However, Judge Kelly denied him bail and remanded him to appear in Cloverhill District Court on Friday. She noted that Gardai intended to oppose legal aid after the defense argued that the defendant had limited means.

His co-defendants faced bail hearings on Friday and will appear again in Cloverhill District Court next week.

Gary Graham, 47, of Patrick Heaney Crescent, D.1, Barry Keane, 30, of Coolamber Road, Rathcoole, Dublin, and Michael Murphy, 32, of Woodstown Meadow, Knocklyon, Dublin, have been charged with possession of cannabis for sale or supply. in a house on Mill Lane in Palmerstown.

Industrial cleaner and father of one Gary Graham was denied bail. The court heard allegations that he had stayed at home when Gardai carried out the search and found several kilos of cannabis “piled up against a hedge”.

Garda Detective Ciaran Cummins alleged the house was a “hub” for organized crime.

Gary Graham “categorically denied any involvement in the case” and did not attempt to flee.

Gardai agreed to bail with a series of conditions for the other four co-defendants in court on Friday.

Michael Campbell, 31, of New Priory, Donaghmede, Dublin, was given a €2,000 bond but required an independently approved €10,000 bond before he could be released. He is accused of having possessed €600,000 worth of cannabis at M50.

Michael Murphy and Barry Keane have bails of €5,000 and require €5,000 from independent sureties.

Gary Graham’s cousin, Christopher Graham, 41, of Matt Talbot Court, Dublin 1, has been charged with possession of €760,000 worth of cannabis for delivery to a van in Palmerstown.

They made no response when charged.

Instructions from the DPP must be obtained.

Download the Sunday World app

Download now the free app for all the latest Sunday world news, crime, Irish showbiz and sport. Available on Apple and android devices


Source link

]]>
Grantville approves sewer deal with industrial developer https://maximumdouglas.com/grantville-approves-sewer-deal-with-industrial-developer/ Fri, 24 Jun 2022 22:03:10 +0000 https://maximumdouglas.com/grantville-approves-sewer-deal-with-industrial-developer/ Grantville City Council has unanimously approved a deal with an industrial developer for modifications to the city’s sewer system. Grantville City Council has unanimously approved a deal with an industrial developer for modifications to the city’s sewer system. The development is a 1 million square foot warehouse located near Highway 29. In March, development of […]]]>

Grantville City Council has unanimously approved a deal with an industrial developer for modifications to the city’s sewer system.

Grantville City Council has unanimously approved a deal with an industrial developer for modifications to the city’s sewer system.

The development is a 1 million square foot warehouse located near Highway 29.

In March, development of a 1 million square foot warehouse on Lowry Road came to a halt when the city council voted not to rezone a property from residential to light industrial.

This time the property that is being considered for development is already zoned for industrial development.

The property, owned by RW Grantville II Industrial Owner LLC, will be developed by Robinson Weeks, an industrial real estate developer.

According to City Engineer Brennan Jones, the agreement with the developer will transfer sewer flow in the area from the Pine Street Basin to the Colley Street Land Basin. The flow from there would then go to the Griffin Street pumping station.

The development is expected to use 12,000 to 15,000 gallons of water per day. Jones said the piping will need to be changed, but overall it’s a minor system upgrade. Modifications will be paid for by the developer before the system is handed over to the city.

The Pine Street Basin, Jones said, already has capacity issues, so the changes will help ease the flow and create capacity for the warehouse.

Jones said changes to the system could also benefit the city later, to accommodate future developments.

“It opens up some capacity in the Pine Street Basin that might be needed. Especially if the plant can be retrofitted for another use,” he said.

The warehouse is within the city’s sewer delivery area, City Manager Al Grieshaber said, so the development is available to receive city sewer access.

Council member Alan Wacaser said that due to the location of the development, it should receive sewer services from Grantville.

“I think we should be responsible for providing sewer service to people in the city,” he said.

Council member Jim Sells said the city will need to invest in a sewage treatment plant, although that will likely be the responsibility of a future version of city council.

“The next council will have to deal with some sort of sewage treatment plant… (The developer) has made a reasonable request and what they are going to do is reasonable for us to approve,” he said. declared. “There are benefits and there’s no reasonable way to rule out approval of that.”


Source link

]]>
Chinese steel mill owners are in a bad mood as demand suffers https://maximumdouglas.com/chinese-steel-mill-owners-are-in-a-bad-mood-as-demand-suffers/ Fri, 24 Jun 2022 01:32:00 +0000 https://maximumdouglas.com/chinese-steel-mill-owners-are-in-a-bad-mood-as-demand-suffers/ Steel mill owners in parts of China are in a bad mood, said Beijing-based commodity consultant Simon Wu. Steel inventories are slowly piling up in warehouses in the country’s biggest steel hub, the northeast city of Tangshan, as well as in Jiangsu and Shandong provinces, owners said. factories to Wu, senior consultant to analyst Wood […]]]>

Steel mill owners in parts of China are in a bad mood, said Beijing-based commodity consultant Simon Wu.

Steel inventories are slowly piling up in warehouses in the country’s biggest steel hub, the northeast city of Tangshan, as well as in Jiangsu and Shandong provinces, owners said. factories to Wu, senior consultant to analyst Wood Mackenzie.

Steel demand is plummeting amid pandemic shutdowns and crippled construction activity, they said.

“There is negative energy everywhere. The steel industry is just not making any profit,” Wu said.

Much of the steel – a key raw material in the manufacturing powerhouse – sits idle across the country amid a stalled economy that is driving down demand and prices.

Prices for steel and its main ingredient, iron ore, were volatile during Shanghai’s lockdown, but headed on a downward trajectory at the start of the month.

Weak demand for steel, an indicator of China’s economy, also reflects the country’s general slowdown, although recent data points to some improvement, with industrial production up slightly by 0.7% in May from last year. a year ago.

Basically, China’s steel industry – the largest in the world – hosts vast supply chains that stretch from Chinese blast furnaces to overseas iron ore mines in Australia and Brazil, the biggest suppliers of iron ore to China.

For this reason, any unrest in China can unravel a vast network of supply chains, which could add to the pressures on existing global disruptions.

A worker cuts steel pipes near a coal-fired power plant in Zhangjiakou, China, November 12, 2021. The country’s biggest steel consumers and its engines of economic growth – such as building construction and development infrastructure – fell silent, according to an analyst.

Greg Baker | AFP | Getty Images

According to the China Iron and Steel Association, the national daily output of intermediate steel products such as crude steel and pig iron as well as finished products increased during the month of May by about 1% to 3%. On the other hand, demand, although still active, had fallen.

China’s consumption of crude steel, for example, fell 14% in May from a year ago, said Niki Wang, head of iron ore at S&P Global Commodity Insights, citing internal analysis.

“The year-on-year decline in steel demand has been much larger than that in crude steel production. In this case, steel mills are indeed in trouble (with price pressure steel),” she said.

This period coincided with China’s largest city-wide pandemic lockdown in Shanghai.

As a result, inventory levels are 12% higher than a year ago and could take almost two months to drop to five-year median levels, assuming steel demand comes back to life, a said Richard Lu, steel research analyst at CRU Group.

The Chinese market is also competing with a proliferation of cheaper Russian semi-finished steel billets, said Paul Lim, principal analyst for ferrous commodities and steel in Asia at Fastmarkets Asia.

There had been signs of life for domestic steel consumption after China emerged from lockdowns in early June, but ‘stop-start’ disruptions caused by a relapse into scattered lockdowns [have] an unwelcome blow to the country’s well-intended economic recovery.

Atilla Widnell

Managing Director at Navigate Commodities

As epidemics gripped the country, the country’s biggest steel consumers as well as growth engines of the Chinese economy such as building construction and infrastructure development went silent, Navigate’s chief executive said. Commodities, Atilla Widnell.

That’s because “there’s simply no one to work at the sites,” he added, pointing out that the industry has been surprised by the return of shutdowns.

After a long-awaited opening of Shanghai in early June after new cases were recorded in Beijing and Shanghai, China has started to reimpose some restrictions.

Last week, new data from China’s National Bureau of Statistics showed real estate investment for the first five months of the year was down 4% from a year earlier, up from the decline 2.7% between January and April.

Volume home sales fell 34.5% year-over-year in the first five months of 2022.

“There had been signs of life for domestic steel consumption after China emerged from lockdowns in early June, but the ‘stop-start’ disruptions caused by a relapse into scattered lockdowns [have] been an unwelcome blow to the nation’s well-intended economic recovery,” Widnell said.

I can’t just stop the blast furnaces

Even as steel prices fell and eroded steelmaking profitability, mill owners continued production, with many using lower-grade iron ore to produce smaller volumes.

China’s blast furnaces are now operating near capacity, at more than 90% – the highest rate in 13 months – despite thinner profits, analysts said.

Lu said some factories suffered “largely negative margins” in April and May.

Price data shows prices for popular steel products such as rebar and hot-rolled coil used for home construction have fallen nearly 30% after peaking around May last year at following an industrial recovery to revive the economy.

Shutting down blast furnaces can be inefficient, as the large reactors used to turn iron ore into liquid steel must operate continuously.

Once they are closed, it takes a long time – up to six months – to restart operations.

“So Chinese operators are keeping their blast furnaces ‘hot’ by using lower-grade ores to voluntarily reduce yields in hopes they can ramp up quickly and meet the recovery in demand for steel as it unfolds. as temporary lockdowns are lifted,” Widnell said.

“We believe these operators are also producing larger quantities of semi-finished steel products so as not to crush finished steel prices with inflated inventories.”

Wood Mackenzie’s Wu said another reason growers are stubborn is so they can meet their allowed annual production targets. before Beijing cuts them next year as part of an effort to meet its emissions targets by 2030 and 2060.

“Each year’s production is defined by last year’s production. It is therefore in the interest of producers to produce the maximum amount of steel each year, as reductions will be applied to that year’s production. “Wu said.

Return of the crisis?

The demand and prices for steel fell between 2012 and 2016 after the sharp slowdown in the Chinese economy, leading to a drop in raw material prices.

For many miners serving China, like those in Australia, it was the end of the so-called mining boom.

In 2015 alone, China’s major steel companies suffered losses of more than 50 billion yuan.

For starters, this downturn is not like 2015, Wu said, and steel producers have learned to weather the volatility.

“So they will continue to produce steel because they have to pay salaries and maintain other cash flow. Many producers can probably last two years without making any money. Lots of people outside [of China] don’t understand that resilience,” he said.

CRU’s Lu said while some factories are considering slowing production, inventory levels are “very far from panic levels” and storage capacity is not yet a serious issue.

There are, however, early signs that the industry is beginning to adapt to these adverse conditions.

Recently, there were rumors that the Jiangsu provincial government had instructed local steel mills to cut production by around 3.32 million tons for the rest of the year.


Source link

]]>
Brownfields money more for our region | News, Sports, Jobs https://maximumdouglas.com/brownfields-money-more-for-our-region-news-sports-jobs/ Thu, 23 Jun 2022 04:57:34 +0000 https://maximumdouglas.com/brownfields-money-more-for-our-region-news-sports-jobs/ Our region’s industrial past has a way of enduring, even as local economies grow and the landscape changes. Local residents are all too familiar with these sites we drive through and wonder “When are they going to clean this up?” Where “when is someone going to do something with this place?” When companies […]]]>

Our region’s industrial past has a way of enduring, even as local economies grow and the landscape changes. Local residents are all too familiar with these sites we drive through and wonder “When are they going to clean this up?” Where “when is someone going to do something with this place?”

When companies don’t do their duty by leaving no trace once they’ve packed up and left, it’s up to the taxpayers to do the dirty work. But it’s encouraging to know that progress is being made on that front, as Gov. Mike DeWine’s office Friday announced 112 more projects in Ohio’s $192 million brownfields remediation program. dollars and affecting 41 counties.

“These properties are vital spaces in our communities, which are not only wasted in their current capacity, but are often a danger to their local communities,” said DeWine.

“Today, we are reclaiming these spaces for the future of our residents, businesses and communities.”

The money will come to the Jefferson County Port Authority to work on several projects, including:

≤ $300,000 to provide an appraisal of the JSW Steel property at Mingo Junction, which has been used as a steel and industrial facility since 1900. This is an environmental assessment that is required before JSW can move forward with modernization and expansion plans.

≤ $190,000 for an assessment of the former American Dry Cleaners site. The location was first developed in 1910 and served as a grocery and appliance store before the dry cleaning business was established. The building was demolished by the land bank in 2021. Soil and groundwater assessments are needed to determine if any contamination remains from the operations of the dry cleaner, which closed in the 1990s. After assessment, the land bank is considering selling the property to an adjacent owner for residential or commercial redevelopment.

≤ $210,000 for an appraisal at 256 S. Third St. in Steubenville. The site has been used as a service station since at least 1973, and a documented oil release occurred there in the mid-2000s. Four underground storage tanks are present on the property and have been out of service since 2008. The assessment will include identification of the location and extent of contamination and analysis of soil and groundwater. After assessment, the Port Authority plans to prepare the site for redevelopment.

≤ $75,000 for an appraisal at R&T Properties in Toronto, which served as an earth pipe manufacturing plant from 1892 to 1980. A structure remains on the site and is in poor condition. The work will help determine if an oil release has occurred in addition to soil and groundwater testing. After evaluation and necessary repairs, the owner plans to sell the property for commercial or industrial redevelopment.

Site preparation has become an economic development priority here in Buckeye State, and there are certainly many sites that need some serious work before anyone can start talking about it. “preparation”.

Making progress on this work will mean a lift for communities even if a new use is not found for these sites immediately.

“These funds are important investments in the future of our communities,” said Lydia Mihalik, director of the Ohio Department of Development. “By cleaning up these dangerous sites, we are creating new opportunities for economic growth that will benefit businesses and residents for years to come.

Hopefully this progress will continue until the job is done, no matter how long that takes.



Today’s breaking news and more to your inbox










Source link

]]>
Montgomery County Detention Center Inmates Graduate From Industry Readiness Course https://maximumdouglas.com/montgomery-county-detention-center-inmates-graduate-from-industry-readiness-course/ Wed, 22 Jun 2022 13:39:00 +0000 https://maximumdouglas.com/montgomery-county-detention-center-inmates-graduate-from-industry-readiness-course/ By Lieutenant Mark J. Wojnarek Clarksville Police Department June 22, 2022 08:39 CLARKSVILLE, TN (CLARKSVILLE NOW) – 13 Montgomery County Jail inmates were recognized on June 16, 2022 by Sheriff Fuson, Deputy Deputy Joe Thomas and community stakeholders at a graduation ceremony from the industry preparation courses. The program is part of the state’s initiative […]]]>

CLARKSVILLE, TN (CLARKSVILLE NOW) – 13 Montgomery County Jail inmates were recognized on June 16, 2022 by Sheriff Fuson, Deputy Deputy Joe Thomas and community stakeholders at a graduation ceremony from the industry preparation courses.

The program is part of the state’s initiative in conjunction with the Montgomery County Sheriff’s Office to reduce recidivism rates among people released from prison. The established program is a 48-hour hands-on education program with the desire that these men reenter society with a trade they could put to immediate use.

Some of the skills taught in the Industrial Readiness Program included: Communications, Emotional Intelligence, Glub Box and Mechanics – Core Components, OSHA 10, Relationship Building, Tuning Basics machine and teamwork in a manufacturing environment.

This first graduation helps pave the way to success for these thirteen inmates,” Sheriff Fuson said.The goal may be to help reduce recidivism, but there is a person behind every inmate in my custody. Many have never had the opportunity to learn a new skill, a new job, or even to understand how that skill or job can change the course of their lives. This program gives them that opportunity.

Fuson also thanked program partners: Nashville State Community College, Clarksville-Montgomery County School System (CMCSS), Montgomery County Economic Development Council, Industrial Development Board (IDB), and Workforce Essentials.

“I look forward to partnering with many others who have reached out to us, to expand to other impactful programs in the near future.”

“Sheriff Fuson and I have worked to create a series of new inmate programs designed to give those reentering society after incarceration a better chance at a job or even a career. This program is the first in “a long streak ahead with our goal of reducing recidivism rates. We are fortunate to have such passionate speakers willing to lend their expertise to this program. We wish these graduates of the program the best of luck,” said Deputy -Deputy Chief Thomas.

Sheriff Fuson presented each graduate with their certificate, congratulated them and wished them well in their future endeavours.


Source link

]]>