Nucor Announces President for Nucor Europe
05/19/2008 - Nucor announces the promotion of Rex Query to the position of President of Nucor Europe, following the company’s recent announcement of major European investments with Duferco Steel and Sidenor.
Nucor Corp. announced the promotion of Rex Query to the position of President of Nucor Europe, a new senior management position, effective June 1, 2008.
In his new position, Query will be responsible for Nucor's growth initiatives in Europe, reporting to Nucor’s CEO. He will be based at Nucor Europe's offices in Switzerland. The appointment follows Nucor’s recent announcement of major European investments with Duferco Steel and Sidenor.
“Rex is a proven Nucor leader. With his strong leadership skills and 'Can Do' attitude, I have the highest confidence in his ability to lead the Nucor team to a strong record of profitable growth in Europe,” said Nucor Chairman, President, and CEO Dan DiMicco, commenting on Query's new assignment.
With Duferco, Nucor signed a definitive agreement to establish Duferdofin-Nucor, of which Nucor will own 50%; this venture will produce beams in Italy and distribute beams in Europe and North Africa. With Sidenor, Nucor has signed a MoU to purchase 34% of a new joint venture that will produce and distribute of long steel products and plate in the Balkans, Turkey, Cyprus and North Africa. By the end of 2008, these two European joint ventures will have a combined annual steel production capacity of nearly five million tonnes.
“We are looking forward to an extremely bright future for Nucor and our partners in Europe as we grow together,” said DiMicco. “Our two recently announced joint ventures are only the beginning of Nucor's presence in the European market.”
Query, 42, joined Nucor in 1990 and served in a variety of increasingly responsible positions including controller positions at two Nucor steel mill divisions and a Vulcraft division, as well as corporate controller at Nucor's headquarters in Charlotte. He served as General Manager of Nucor Steel Auburn, Inc. from the time it was acquired by Nucor in April 2001 to July 2003, when he was named General Manager of Nucor's sheet mill in Decatur, Ala. Query has served as a Nucor Vice President since 2002.
Nucor and affiliates manufacture steel products, with operating facilities primarily in the U.S. and Canada. Products produced include carbon and alloy steel bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph Co., also brokers ferrous and nonferrous metals, pig iron and HBI/DRI; supplies ferro-alloys; and processes ferrous and non ferrous scrap. Nucor is North America's largest recycler.
