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Iowa Fertilizer Denies Shutdown Rumors

THE_DEVIL

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Iowa Fertilizer Denies Shutdown Rumors
February 18, 2016 Featured Slider, Local News, News | robsuss


The Iowa Fertilizer Company is denying rumors highlighted by a US Senate Candidate that the still-unfinished plant, near Wever, could be nearing total shutdown next month.

Democratic US Senate Candidate and former State Representative Bob Krause published in a Wednesday news release that the “The construction community is rumbling with rumors of a complete shutdown at the end of the month.”

Krause spoke to KBUR on Thursday. He says that in the course of his campaigning, he’s spoken to a number of workers close to the project, and said the future paychecks of 2500 construction workers at the Iowa Fertilizer may be in jeopardy.

“I wound up talking to the workforce down in Wever,” Krause said Thursday, “The talk is fairly rampant, and the rumors are so specific, and coming from such a relatively high level, that if there isn’t fire, there is certainly a lot of smoke.”

Iowa Fertilizer Company has denied the rumors. In a statement, company spokesman Jesse Harris says that the company “continues to make tremendous progress in the construction of the new plant in Wever,” and says that “the company plans to increase construction from its current level of approximately 2,000 personnel to approximately 2,500 in both March and April taking advantage of improved weather conditions as we enter the final months of the project.”

Harris did, however, acknowledge that some layoffs will be coming in the next month, writing that “some workers will complete their contracted contributions to the project so variances in the number of people working will occur.”

The $1.9 billion plant, a project of Netherlands based OCI N.V., is one of the largest and most expensive construction projects in Iowa history. Over $250 million incentives were provided to the company by the State of Iowa to get the project started.
 
Iowa Fertilizer Denies Shutdown Rumors
February 18, 2016 Featured Slider, Local News, News | robsuss


The Iowa Fertilizer Company is denying rumors highlighted by a US Senate Candidate that the still-unfinished plant, near Wever, could be nearing total shutdown next month.

Democratic US Senate Candidate and former State Representative Bob Krause published in a Wednesday news release that the “The construction community is rumbling with rumors of a complete shutdown at the end of the month.”

Krause spoke to KBUR on Thursday. He says that in the course of his campaigning, he’s spoken to a number of workers close to the project, and said the future paychecks of 2500 construction workers at the Iowa Fertilizer may be in jeopardy.

“I wound up talking to the workforce down in Wever,” Krause said Thursday, “The talk is fairly rampant, and the rumors are so specific, and coming from such a relatively high level, that if there isn’t fire, there is certainly a lot of smoke.”

Iowa Fertilizer Company has denied the rumors. In a statement, company spokesman Jesse Harris says that the company “continues to make tremendous progress in the construction of the new plant in Wever,” and says that “the company plans to increase construction from its current level of approximately 2,000 personnel to approximately 2,500 in both March and April taking advantage of improved weather conditions as we enter the final months of the project.”

Harris did, however, acknowledge that some layoffs will be coming in the next month, writing that “some workers will complete their contracted contributions to the project so variances in the number of people working will occur.”

The $1.9 billion plant, a project of Netherlands based OCI N.V., is one of the largest and most expensive construction projects in Iowa history. Over $250 million incentives were provided to the company by the State of Iowa to get the project started.



I'm assuming this is the plant our esteemed Governor railed so hard for? If so, BAU.
 
Yep, and outbid Illinois for with tax credits for the Egyptian company building it.

Tax credits. Glad we can afford to outbid the idiots in Illinois.

So no real cost to the taxpayers and we've got 2000-2500 construction workers paying state income taxes.
Seems ok to me.
 
Seems like a standard construction schedule to me. There is a loudmouth that works out at my gym who says he's done steel work there and he is always talking about the great money and how they are prepared to expand the construction if needed.
The tax credits are a different matter.
 
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