Steel Metallurgical Infuser was founded in 2011 by David M. Wessel, an associate professor of industrial engineering at the University of Wisconsin-Madison.
The company’s mission is to “provide a more efficient and reliable source of steel materials and processes” by helping industrial partners “better understand the processes and chemistry of steel” and making them more competitive.
Wetherspoon and Cargill have been investing heavily in the steel manufacturing industry in recent years, with Cargills acquiring Metallurgical Technologies Inc. in 2013 for $1.1 billion.
Cargils $15 billion acquisition of American Steel and C&O Partners for $16 billion is also a strong sign that steel makers are investing in their own facilities, Wessel said.
In the coming years, Wethersons plans to invest $1 billion more in the facility.
The company says it is focused on increasing the efficiency of the process to help industrial partners understand the chemistry of the steel and improve the manufacturing process.
“With this technology, we can take advantage of the new advances in industrial chemical technology, including new materials and materials combinations,” Wessel says.
The Infuser process is similar to the Cargilling process in that it uses an infuser to produce a large amount of steel without a separate infuser for the steel components, Wherspoon says.
“We believe that this is the best technology for producing steel components that is currently available to industrial partners.”
Wetherspoons steel products are sold in several different grades, including carbon steel and stainless steel, but all of the materials are used in the process.
C&Os investment in the plant will help offset costs and allow it to grow the plant to the capacity of 800,000 tons per year, Wselts says.
In addition to Cargi, Witherspoons also owns the C&R Technologies Corp., which makes C&Co steel and other products.
C &R was acquired by the US Steel Corp. in 2016 for $3.9 billion.