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FRANKFURT, Germany (AP) - Steelmaker ThyssenKrupp AG said Friday it will build a new $4.19 billion steel plant in Alabama, which has attracted other German companies including DaimlerChrysler AG in recent years.
The plant — scheduled to open in 2010 and employ as many as 2,700 workers when fully operational — will be near Mobile. The company was lured by several tax breaks and a $400 million incentives package.
The Duesseldorf-based company chose Alabama over Louisiana, which also had offered tax breaks.
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