Released November 22, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--Steel manufacturer Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) announced last week that it will expand its steel mill in Bourbonnais, Illinois. Industrial Info is tracking $1.2 billion in Nucor projects.
The project includes construction of a merchant bar quality (MBQ) mill at the existing mill in Bourbonnais and will have an annual capacity of 500,000 tons. Nucor is hoping to get board approval for the project as soon as possible and begin construction in the next six months. The project has an estimated total investment value (TIV) of $180 million. For more information, see Industrial Info's project report.
In a press release, Nucor Chief Executive Officer John Ferriola said, "This new MBQ mill is right in line with our long-term strategy for profitable growth. It takes advantage of our position as a low-cost producer to displace tons currently being supplied by competitors from outside the region." Nucor said the project would allow it to fully utilize the existing bar mill by optimizing its melt capacity and infrastructure that is already in place.
Nucor continues to expand in other areas. Planned to kick off in the near future is the addition of a sheet cold rolling mill complex at the company's facility in Hickman, Arkansas. At the existing sheet rolling mill, Nucor will add a 500,000-ton-per-year cold rolling mill complex. The project will allow Nucor to expand its capability to produce advanced high-strength, high-strength low-alloy and motor lamination steel products. Systems Contracting Corporation (Blytheville, Arkansas) is the project contractor. The project is expected to be wrapped up in the second half of 2019. For more information, see Industrial Info's project report.
Also planned to kick off in the next few months is the addition of galvanizing and pickling lines at the company's facility in Ghent, Kentucky. At the existing 1.6 million-ton-per-year steel coil mill, Nucor will install a 500,000-ton-per-year hot band galvanizing line with in-line pickling to expand the facility's product capabilities into the automotive sector. The project, which has an estimated total investment value of $176 million, is expected to kick off early next year and be completed in summer 2019. For more information, see Industrial Info's project report.
Nucor also continues expanding outside of the U.S. In Nuevo Leon, Mexico, the company is constructing a $270 million grassroot steel sheet galvanizing plant. Construction began in the first quarter of this year and is expected to be wrapped up in early 2020. The facility will produce 400,000 tons per year of steel galvanized sheets. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
The project includes construction of a merchant bar quality (MBQ) mill at the existing mill in Bourbonnais and will have an annual capacity of 500,000 tons. Nucor is hoping to get board approval for the project as soon as possible and begin construction in the next six months. The project has an estimated total investment value (TIV) of $180 million. For more information, see Industrial Info's project report.
In a press release, Nucor Chief Executive Officer John Ferriola said, "This new MBQ mill is right in line with our long-term strategy for profitable growth. It takes advantage of our position as a low-cost producer to displace tons currently being supplied by competitors from outside the region." Nucor said the project would allow it to fully utilize the existing bar mill by optimizing its melt capacity and infrastructure that is already in place.
Nucor continues to expand in other areas. Planned to kick off in the near future is the addition of a sheet cold rolling mill complex at the company's facility in Hickman, Arkansas. At the existing sheet rolling mill, Nucor will add a 500,000-ton-per-year cold rolling mill complex. The project will allow Nucor to expand its capability to produce advanced high-strength, high-strength low-alloy and motor lamination steel products. Systems Contracting Corporation (Blytheville, Arkansas) is the project contractor. The project is expected to be wrapped up in the second half of 2019. For more information, see Industrial Info's project report.
Also planned to kick off in the next few months is the addition of galvanizing and pickling lines at the company's facility in Ghent, Kentucky. At the existing 1.6 million-ton-per-year steel coil mill, Nucor will install a 500,000-ton-per-year hot band galvanizing line with in-line pickling to expand the facility's product capabilities into the automotive sector. The project, which has an estimated total investment value of $176 million, is expected to kick off early next year and be completed in summer 2019. For more information, see Industrial Info's project report.
Nucor also continues expanding outside of the U.S. In Nuevo Leon, Mexico, the company is constructing a $270 million grassroot steel sheet galvanizing plant. Construction began in the first quarter of this year and is expected to be wrapped up in early 2020. The facility will produce 400,000 tons per year of steel galvanized sheets. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
