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SunCoke Energy To Invest $50M In Virginia Manufacturing Operation
Raw material processing and handling company SunCoke Energy will refurbish and upgrade a manufacturing facility in Buchanan County, retaining about 100 jobs. Mary Ellen
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SunCoke Energy To Invest $50M In Virginia Manufacturing Operation
The raw material processing and handling company will refurbish and upgrade a manufacturing facility in Buchanan County, retaining about 100 jobs.
May 27, 2021
SunCoke Energy To Invest $50M In Virginia Manufacturing Operation
SunCoke Energy, Inc., the largest independent producer of high-quality coke for blast furnace steel production in the Americas, will invest $50 million in its manufacturing operation in Buchanan County, VA. The company will refurbish the facility and perform upgrades to enable the production of foundry coke. SunCoke Energy also considered Ohio for the project, which will retain approximately 100 jobs.
Operator
Good day and thank you for standing by. Welcome to the SunCoke Energy Inc Q1 2021 Earnings Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today Shantanu Agrawal. Please go ahead.
Shantanu Agrawal
Director, Investor Relations
Good morning and thank you for joining us this morning to discuss SunCoke Energy s first quarter 2021 results. With me today are Mike Rippey, President and Chief Executive Officer; and Allison Lausas, Interim Senior Vice President, Chief Financial Officer and Controller. Following management s prepared remarks, we ll open the call for Q&A. This conference call is being webcast live on the Investor Relations section of our website and a replay will be available later today. If we don t get to your questions on the call today, please feel free to reach out to our Investor Relations team.
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LISLE, Ill., April 28, 2021 /PRNewswire/ SunCoke Energy, Inc. (NYSE: SXC) today reported results for the first quarter 2021, reflecting the strong performance in both the Domestic Coke and Logistics segments. I would like to thank all the SunCoke employees for their continued commitment and contributions through a challenging period. The dedication of our team is clearly visible through our excellent safety performance, where we achieved zero recordable injuries during the first quarter, a record for our company. While continuing to follow CDC mandated guidelines, our cokemaking operations returned to full capacity and delivered excellent results. Our logistics segment delivered strong results handling more than two million tons of coal, and we also signed a new take-or-pay agreement to handle iron ore at CMT. said Mike Rippey, President and Chief Executive Officer of SunCoke Energy Inc. We are very pleased to see our operations running