The Star Beacon; Ashtabula, Ohio

Local News

May 6, 2012

Ashtabula County Port Authority capitalizes on Plant C scrap metal

JEFFERSON — Like the fellows who collect scrap metal in shopping carts and pickup trucks, the Ashtabula County Port Authority is capitalizing on the hot scrap metal market.

Executive Director Sean Ratican said the board last year signed an agreement with Manafort, a Connecticut company, to scrap out non-structural assets of Plant C, which is owned by the authority. The assets include the generators, old motors and other industrial surplus that could be cut up and sold for its scrap value.

“We’ve capitalized on the scrap market at a time when it was at one of its high points,” Ratican said.

While he could not say how much money the authority has made off the scrap, he said the proceeds are being used to maintain the large building, the lower levels of which hold the massive pumps that send raw water to Lake Road chemical industries. The authority recently had to come up with thousands of dollars to repair the building’s roof.

In addition to preserving hundreds of jobs by keeping the water flowing, the authority created about a dozen positions for local workers involved in the scrap project. Originally, Manafort subcontracted with Ashtabula Iron and Metal to do the work. When AIM went bankrupt, Manafort took over the project and offered the jobs to the former AIM employees, Ratican said.

“Most of them declined,” he added.

Ratican said the scrap project is coming to a close because they are running out of material that is not part of the structure.

Click here to subscribe to The Star Beacon print edition.



Click here to subscribe to The Star Beacon replica edition.

1
Text Only
Local News
Ashtabula County Alive
July 4 Celebrations 2014
Summer off to Big Start
Ashtabula County Flag Day 2014
Northeast Ohio Soap Box Derby 2014
Tour de State Line and Boating Season
Ashtabula County Memorial Day 2014
Sam Magill Sr. Memorial
Armed Forces Echo Taps 2014
Lakeside Loop Color Run
Keeping Ashtabula County Clean and Healthy
Canoe Race and Ashtabula Easter Events
The Taping of the Teacher: A sticky Sitation
18th Annual Polar Bear Plunge at Geneva State Park
House Ads
AP Video
NDN Video
Famous Internet Cats Help Big Cause With Viral Video Raw: Obama Gets Hug From Special Olympian Snoop Dogg Narrating Animal Footage Is Perfect Tigers Acquire David Price - @TheBuzzeronFOX Russell Brand Slams Sean Hannity Over Gaza Conflict Segment Chapter Two: Composing for a film in retirement Woman's Dive Goes Terribly Wrong Brian Williams Reports on Daughter Allison Williams' 'Peter Pan' Casting News Did Jimmy Fallon Look Up Heidi Klum's Dress? What Drama? Miranda Kerr Poses Topless Plane crashes in San Diego Costco parking lot Justin Bieber Takes To Instagram To Diss Orlando Bloom You Won't Believe the Celeb Cameos in "Sharknado 2" Pitch Invading Morons Cause Chaos - @TheBuzzeronFOX Orlando Bloom 'Takes a Swing' at Justin Bieber In Ibiza Sadie Doesn't Want Her Brother to Grow Up "Maxim" Hotness! See Jessica Alba's Sizzling Spread Two women barely avoid being hit by train Broken Water Main Floods UCLA Orlando Bloom and Justin Bieber Reportedly Came To Blows In Ibiza