Signal wins grant for upgrade

PASCAGOULA, Miss. - A $2.5 million equipment upgrade may create up to 150 jobs at Signal International's Pascagoula yard once the market improves, company leaders said. With the help of a federal grant, Signal will purchase a profile cutting system, semi-auto beveler, 750-ton brake press and roll form press. The grant will pay for about $1.6 million of the upgrade, and Signal will pitch in $600,000. (Source: Mississippi Press, 09/10/09)