Voestalpine High Performance Metals LLC submitted a notice to the Foreign-Trade Zones (FTZ) Board on August 12, 2024, about their plan to carry out production activities at their site in Houston, Texas, which is part of FTZ 84. The notification underwent a review process in line with the FTZ Board's regulations. Public comments were invited through the Federal Register in August 2024. On December 10, 2024, the FTZ Board decided no further review was needed and authorized the production activities as described.
Simple Explanation
Voestalpine is a company that makes special metal things in Houston, Texas, and they asked if they could do this in a special place called a Foreign-Trade Zone. After checking everything, the people in charge said it's okay for them to go ahead.