Select Greater Philadelphia investor Holt Logistics Corp, working in collaboration with South Jersey Port Corporation, Gloucester County Economic Development and other partners in southern New Jersey, secured NLMK Steel as their first tenet in the newly constructed, state-of-the-art terminal at the Port of Paulsboro. NLMK is one of the leading suppliers of steel products in the US.
“Our choice of the Paulsboro Marine Terminal was driven by confidence in New Jersey to complete the project in a timely and professional manner, the professional reputation of South Jersey Port Corporation, access to a deep water port for large supply ships, and the availability of ample space upon the river to grow,” said Bob Miller, president of NLMK USA. “Our company is one of the leading suppliers of steel products in the US, and the supply chain for our fundamental raw material, steel slabs, is a critical link in the success of our business plan.”
The site includes a new $23 million access road that diverts truck traffic from the area neighborhoods.
New Jersey Senator Donald Norcross, whose Economic Opportunity Act spurred the chain reaction of Holt coming to the Port of Paulsboro said, “The announcement of this new tenant will equate to the creation of upwards of 100 permanent jobs here. That is what this project was always about, creating commerce up and down this river to create good paying jobs for our residents.”