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Show UTAH COUNTY TO BENEFIT FROM KAISER BUYING Considerable Amount To Be Spent For Modernization Of Steel Plant At Ironton "Slightly more than half" of approximately $4,000,000 which the Kaiser company will spend in connection with the No. 2 Ironton plant and Carbon, county coke ovens, will be spent in Utah county, coun-ty, K. G. Hunt, Kaiser construction manager, reported this week. A plant-wide modernization is slated to start early this month of the Ironton facilities, involving expenditures of substantial sums in addition to the purchase price, to rehabilitate the .plant for operation. opera-tion. From Washington this week came official confirmation , from the war assets administration that the deal for the plant and coke ovens has been closed. The dispatch stated thatar assets as-sets administration spokesmen said the. sale of the two surplus, properties" proper-ties" in Utah to the Henry J. .Kaiser Co. has been virtually completed. They said Kaiser signed1 a letter of intent and made a, down payment pay-ment on the Ironton Wast furnace, Ironton, and the.. Allied. Beehive coke oven, Carbon 'county. Two formalities remain to be completed delivery of final papers, pa-pers, which may ta)e months, and clearance, by- the "department of justice, , required on 3.11 property (Continued on Page Two) -v ; ovens, the firm plans construction of 60 homes for workmen, and a substantial modernizing program including conveyors and modern stockpiling methods. Acquisition of a large amount of motive power and rolling stock is also involved for the two properties, prop-erties, it was stated. Operation of the plant can be underway in 90 days, Hunt said. It is possible some construction will remain after thi3 date, he said, but this can be finished while operation opera-tion is in progress. Utah County . . . (Continued from Page One) sales involving more than .$1,000,-000. .$1,000,-000. "But we operate by letter of intent," in-tent," a WAA spokesman said. "When that's been signed we usually usual-ly consider that the deal has been formalized. The sale has been contracted con-tracted for by both sides." Kaiser representatives signed the letter of intent last Thursday and returned it to WAA with a 20 per cent down payment on .the $1,-500,000 $1,-500,000 sale. Rehabilitation construction at Ironton will include the building of a new railroad approach from the south, a new south approach to the furnace "highline" which leads to raw material storage bins, a revamping re-vamping of the coal handling facilities and the installation of large storage areas and conveyor systems. At the Carbon county coke |