News / Utah / 

Geneva Steel Trying to Liquidate its Wares

Geneva Steel Trying to Liquidate its Wares

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

(Vineyard-AP) -- For sale: one used steel foundry.

Folks at Utah's Geneva Steel aren't getting many takers so far.

Geneva Steel C-E-O Ken Johnson says the idle steel plant has been a tough sell since it went on the market back in April.

There's (M)millions of dollars in inventory, and all of it is for sale. The gear includes 13 locomotives and 366 rail cars, 85 cranes, 91 welding machines and a 810-thousand-ton coke plant.

Company officials say it might be years before they clear out all the old steel-making equipment. Then, old buildings will have to be demolished and the land will be cleaned up.

The Geneva plant was once the heart of Utah County heavy industry. But cheap steel from abroad has doomed the plant.

(Copyright 2003 by The Associated Press. All Rights Reserved.)

Related topics



Catch up on the top news and features from, sent weekly.
By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

KSL Weather Forecast