Hybar to open second mill in Osceola
Hybar has raised $1.1 billion to expand its scrap metal recycling steel rebar mini mill in Osceola, the company has announced. Hybar’s existing steel rebar mini mill is completing its ninth month of operation and now will include a second mill.
After construction completion of its second mini mill, which is expected to take 24 months, Hybar is expected to produce approximately 1.3 million tons of rebar annually, representing just under 13% of the domestic market.
“We have a great site with three modes of transportation, the best-in-class technology, and outstanding highly motivated employees, but what truly differentiates Hybar is our ‘can-do’ ‘get-it-done’ culture. Empowering employees, stripping away bureaucracy, pushing decision making down to the mill floor, and constantly looking for better, faster, more sustainable ways to make steel are the keys to Hybar’s success,” Hybar CEO David Stickler said.
Stickler previously told Talk Business & Politics the overall plan for the company was to open three to four mills and one might be located in the corridor between Savannah, Georgia and Charleston, South Carolina.
The company produces rebar that is used in data center projects, medical campus expansions, the energy infrastructure buildout, and the continued repair and upgrading of roads, bridges, and tunnels.
Hybar’s sister company, Green & Clean Power, operates the largest industrial behind-the-meter solar and battery storage facility in the United States. The facility is located immediately adjacent to Hybar, and power is fed directly into Hybar’s operations. Once the last of the needed certifications are received and the final harmonic tests are completed later this summer, when the sun is shining, Hybar expects to be the only steel producer in North America capable of producing steel using 100% renewable energy.
“Under Dave Stickler’s leadership, Hybar has grown rapidly in Arkansas, and we are proud that the company is expanding again in Mississippi County,” said Arkansas Secretary of Commerce Hugh McDonald. “The steel industry is thriving in Northeastern Arkansas, and Hybar has played an important role in growing this industry. We look forward to Hybar’s success with its new expansion in Osceola and to the continued growth of Arkansas’ steel industry.”
“Hybar is a true success story for the steel industry, building state-of-the-art facilities and producing sustainable scrap metal right in northeastern Arkansas,” said Clint O’Neal, executive director of the Arkansas Economic Development Commission. “Dave Stickler and Hybar have steadily invested in Arkansas thanks to our state’s infrastructure, workforce, and favorable business climate. We are proud of this continued partnership and look forward to many more years of Hybar’s success in Mississippi County.”