Memphis plant modernizing
Posted: Monday, February 27, 2012 11:10 pm
Memphis’ Nucor plant on Paul R. Lowry Road will be modernized, according to company officials, who recenty announced the modernization of the plant will create about 27 new jobs.
“Our Jobs4TN strategy focuses on existing Tennessee businesses, and Nucor’s latest investment in our state will add good paying jobs in Shelby County,” Gov. Bill Haslam said. “Tennessee’s economy continues to improve thanks in large part to our existing industries that choose to reinvest right where they are.”
“Nucor is a standout leader in U.S. industry,” state Commissioner of Economic and Community Development Bill Hagerty said. “Led by chairman, CEO and president Dan DiMicco, Nucor’s success underscores the strength and ingenuity that this management team has brought to bear on the steel industry. The company is the largest manufacturer of steel products in North America, and Tennessee is fortunate to have Nucor expanding its operations here.”
Nucor is the leading U.S. producer of structural steel, steel bars, steel reinforcing bars, steel joist and girders and steel decks. The company is also North America’s largest recycler.
Nucor is headquartered in Charlotte, N.C., and has approximately 200 operating facilities throughout the U.S. and Canada.
Nucor will add equipment to its Memphis facility to further diversify its bar steel manufacturing capabilities. The new equipment will allow the company to roll a broader range of bar steel products.
“We are excited to be investing in our Memphis mill in order to serve a growing segment of our bar mill business,” Mike Gurley, vice president and general manager, Nucor Steel Memphis, said. “We believe the engineered bar markets will continue to be strong into the future, driven by energy, automotive, heavy truck and heavy equipment manufacturers. This investment in our Memphis mill will position Nucor to meet the growing demands of our engineered bar customers.”