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Nucor to build new 1.2 million ton plate mill in US Midwest-The 20th China (Guangzhou) Int’l Spring Industry Exhibition
1/8/2019 彈簧展- Spring Industry Exhibition-Spring expo |
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Nucor Corporation announced plans to build a state-of-the-art plate mill in the US Midwest. Nucor''s Board of Directors has approved an investment of USD 1.35 billion to build the mill, which is expected to be fully operational in 2022 and will be capable of producing 1.2 million tons per year of steel plate products. The project is expected to create approximately 400 full-time jobs. The new plate mill will produce cut-to-length, coiled, heat-treated, and discrete plate ranging from 60 to 160 inches wide, and in gauges from 3/16 of an inch to 14 inches in thickness; enabling Nucor to supply plate products that the Company does not currently offer. Nucor currently operates plate mills in North Carolina, Alabama and Texas.
John Ferriola, Chairman, CEO & President of Nucor, said "This investment is consistent with our drive to continue delivering sustainable, profitable growth and superior returns for shareholders. Together with the significant share repurchases completed in 2018, the Board''s decision to fund this high-return opportunity demonstrates our commitment to balanced capital allocation. We have a strong foundation to build upon as we advance our goal of leading in every market in which we compete."
Leon Topalian, Executive Vice President of Beam and Plate products, said, "By building this state-of-the-art plate mill in the Midwest – the largest plate-consuming area in the United States – we will enhance our ability to serve our customers in the region while also furthering our goal of meeting all the steel needs of our customers around the country. We expect to select a site for the new mill early this year. Our team is poised and ready to take the next step in advancing our position in steel plate products."
彈簧展-2019第二十屆廣州國際彈簧工業(yè)展覽會(huì)-全球最大彈簧展會(huì)-巨浪展覽
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