Industrial Info Tracks $3.4 Billion in U.S. Metals & Minerals Project Completions for Fourth-Quarter 2018

Researched by Industrial Info Resources (Sugar Land, Texas)--From a new fiberglass plant to steel mill upgrades and additions, Industrial Info is tracking nearly $3.4 billion in U.S. Metals & Minerals Industry capital projects that are expected to wrap up in the fourth quarter of this year.

Click on the image at right for a graph showing Metals & Minerals project completions by market region.

By sector, glass manufacturing projects hold the lead with more than $784 million worth of fourth-quarter 2018 completions. This includes Jushi Group Company Limited's (Tongxiang, China) fiberglass reinforcements and fabric manufacturing plant in Columbia, South Carolina. Construction of the 80,000 ton-per-year textile fiberglass manufacturing complex kicked off in mid-2017. Jushi's U.S. component says it is a leading supplier of fiberglass reinforcements and plastics to the reinforced plastics industry in the U.S. The opening of the plant is expected to result in 400 jobs, according to local news media. For more information, see Industrial Info's project report.

Next come foundries and forging project completions amounting to $710.5 million. Among them is EJ Group Incorporated's (Michigan) new iron castings foundry in Elmira, Michigan, with a melting capacity of 40-50 tons per year. According to the Gaylord Herald Times, the foundry will replace a foundry that the company operates in East Jordan, Michigan. The new grassroot foundry will allow the company to remain competitive and maintain jobs in northern Michigan, the company was quoted as saying. Construction kicked off in mid-2017. For more information, see Industrial Info's project report.

Steel manufacturing project completions amount to $622.5 million for the fourth quarter. At its Hickman Steel Sheet Plant in Arkansas, Nucor Corporation (NYSE:NUE) (Charlotte, North Carolina) is expected to wrap up construction of a 500,000-ton-per-year steel sheet cold-rolling mill addition. For more information, see Industrial Info's project report.

Nucor announced in May that it plans to expand the Hickman plant operation with a $240 million galvanizing line addition to support growth into wider and more diverse end-market applications. Nucor executives said in July they expect capital expenditures by the company to be $1 billion this year, more than twice the amount as last year. For more information, see July 20, 2018, article - Oil & Gas Industry, is driving a high level of project activity for new frac sand mines. For more information, see Industrial Info's project report and June 22, 2018, article - Local Frac Sand Mines Coming Online, but 'Last Mile' Challenges Continue.

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.