CF Industries plans $1.7 billion expansion in Sioux City (100 new jobs with an average $20 an hour)

[Omaha Steve]

Source: Omaha World Herald-AP

DES MOINES, Iowa (AP) Fertilizer maker CF Industries Inc. plans to invest $1.7 billion in Iowa to expand its facility on the south edge of Sioux City, the company announced Thursday.

Gov. Terry Branstad said the project is the largest capital investment ever for the state of Iowa.

"Our state is clearly well-positioned to take advantage of the growing domestic fertilizer industry," he said in a statement. "Not only does that mean significant investment that will continue to grow our economy but also the creation of high-paying jobs for Iowans."

The project will add new ammonia and granular urea production plants to the existing CF Industries Port Neal facility, which is located at Sergeant Bluff on the south edge of Sioux City.

FULL story at link.



Read more: http://www.omaha.com/article/20121101/NEWS/711029976/1697#cf-industries-plans-1-7-billion-expansion-in-sioux-city

[jtuck004]

1. Frak, baby, frak.

"... The expansion of CF Industries’ capacity, at these locations in particular, allows the company to take further advantage of the global cost advantage of North American natural gas. ..."

Here.

And work hard. We only have near 50 million people on food stamps, and this place is making fertilizer for export to China, because that's where the money is to be made for the next 20-30 years. Mostly all we are gonna make is people older, I suspect, and there is probably not a lot of industrial profit to be made from that.

Their new employees aren't making dogshit compared to what CF execs are gonna profit, of course.

This is important work. Gotta make sure they can grow enough food to feed the people in RobMe's Chinese-investment-land, floated over there on CF contracted boats. And, hey, if we only ruin a bit of the drinking water here, only cause a few earthquakes, we can live with it. We have gone through worse, eh?

A little more info - might be a good investment if people want to profit from this, here. You don't have to pay as high a percentage of taxes as, say, the parents who work in the factory working mother who is sending her kid to the local school?

More jobs. And they ain't sellin' coffee, and there are hundreds of jobs that will be created around this. Which is handy, since they gave the company a tax break the citizens will have to absorb.

More jobs. Good news.