Nucor to Construct New Coil Processing Center in Mexico
02/21/2008 - Nucor announced plans to construct a new sheet and coiled plate processing center in Mexico with an anticipated capacity in excess of 500,000 tons/year.
Nucor Corp. announced plans to construct a new sheet and coiled plate processing center in Mexico.
Nucor says the new facility—with an anticipated capacity in excess of 500,000 tons/year—will help it to better service the growing needs of its customers. It will include a variety of value-added processing capabilities including pickling, slitting, cutting-to-length, and blanking.
"Mexico is a very important market to Nucor," said Dan DiMicco, Nucor's Chairman, President and CEO. "We have many customers in Mexico, and it is important for us to be able to better service those existing customers and to expand our presence in the growing Mexican economy. We are very excited about this opportunity."
Nucor expects the new facility to cost between $115 and $125 million and to employ more than 100 people. Final determination of the location of the facility is expected to be made by the end of 2008, with construction expected to begin after satisfactory resolution of regulatory approvals.
Nucor and affiliates manufacture steel products, with operating facilities primarily in the U.S. and Canada. Products 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 is the nation's largest recycler.
