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USFR to invest USD 700m in offshore wind factories on East Coast

February 8, 2024

Steel components manufacturer US Forged Rings Inc (USFR) plans to spend USD 700 million (EUR 651m) on the construction of a tower fabrication facility and a steel forging plant on the US East Coast to service the growing domestic offshore wind market.

The company said in a press statement on Wednesday that it is in the final stages of evaluating possible locations and that it expects to make a decision soon.

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