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Nucor Steel
Nucor to Build New Galvanizing Facility in Alabama
Jun. 15, 2006
June 15, 2006 — Nucor Corp. announced that it plans to construct its fourth sheet steel galvanizing facility.
The new facility will be located at Nucor's existing sheet mill in Decatur, Ala. The new galvanizing facility will have an annual capacity of approximately 500,000 tons and the ability to produce 72-inch wide sheet. Total cost will be approximately $150 million.
"This is an opportunity to expand our galvanizing operations in the Southeast, matching the tremendous growth in that part of the country for sheet steel products," said Dan DiMicco, Nucor's Chairman, President and CEO.
Nucor Steel Decatur, LLC, Nucor's fourth sheet mill, was a bankrupt operation that was purchased and restarted in 2002. In August of 2004, Nucor purchased a cold mill located next to the original facility. “The cold mill has been a successful investment and a new galvanizing line is an obvious next step at our Decatur operations,” said John Ferriola, Executive Vice President. “The automotive market in the Southeast continues to grow and we are positioning ourselves to further service that market as well as other value-added markets.”
Construction of the galvanizing facility is expected to begin after satisfactory resolution of site location, regulatory approvals, tax matters and various contracts. Nucor's other sheet galvanizing facilities are located in Indiana, Arkansas and South Carolina.
Nucor and its affiliates manufacture steel products, with operating facilities in seventeen states. Products include carbon and alloy steel bars, beams, sheet and plate; steel joists and joist girders; steel deck; cold finished steel; steel fasteners; metal building systems; and light gauge steel framing. Nucor is the nation's largest recycler.