GENEVA STEEL HEADLINESSteel Producers /
Geneva Steel
Tetra Tech to Manage Relocation of Former Geneva Steel Assets
Jul. 9, 2004 Tetra Tech, Inc. has been awarded a $27 million contract from Qingdao Iron & Steel Group Co. Ltd. to manage the environmental issues, dismantlement, shipment, and reassembly of assets purchased from the bankruptcy estate of Geneva Steel.
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Built during World War II to provide a secure location for steel production, the Geneva Steel plant, located in Orem, Utah, was modernized in the 1990s at a cost of over $400 million.
Geneva Steel’s equipment will be reassembled to provide additional steel production capacity in China, which now buys approximately one quarter of the world's steel.
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Acting as the owner's representative, Tetra Tech will perform project management, environmental management, dismantling, packaging, shipping, and will supervise the reassembly of plant equipment in Qingdao, China. Tetra Tech has performed similar services for three other international clients.
The contract will be performed in U.S. dollars and will be backed by a letter of credit. Expected to begin immediately, the project is anticipated to take approximately two years.
Built during World War II to provide a secure location for steel production, the Geneva Steel plant, located in Orem, Utah, was modernized in the 1990s at a cost of over $400 million. The steel plant employed an average of 2,400 people and produced approximately 2.6 million tonnes of steel per year before declaring bankruptcy.
Tetra Tech is a leading provider of consulting, engineering and technical services. With nearly 9,000 associates located in the United States and internationally, the company supports commercial and government clients in the areas of resource management and infrastructure. Tetra Tech's services include research and development, applied science and technology, engineering design, construction management, and operations and maintenance.