Tetra Tech, Inc. was 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.
Tetra Tech will manage the relocation of the steel plant assets from Orem, Utah to Qingdao, China. According to Tetra Tech the project is expected to begin immediately.
Tetra Tech will act as the owner's representative and will perform project management, environmental management, dismantling, packaging, shipping, and will supervise the reassembly of plant equipment in China. Tetra Tech has performed similar services for three other international clients. The project is expected to take approximately two years.
Geneva Steel was built about 60 years ago, and was modernized in the 1990s at a cost of over $400 million. The steel plant produced about 2.6 million metric tons of steel per year before declaring bankruptcy. The plant equipment will be reassembled to provide additional steel production capacity in China.
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