Steel company has already approved $115 million on the project.
Charlotte, N.C., has announced that Nucor-Yamato Co., its joint venture with Japan’s Yamato Kogyo Co. Ltd., has approved a $115 million plan to expand production of hot rolled steel piling. The project will be completed at Nucor's steel mill in Blytheville, Ark., and is expected to be completed in early 2014.
Daniel DiMicco, company chairman and CEO, says, “The United States is a country that innovates, makes and builds things. This investment enhances Nucor-Yamato Steel's ability to make innovative, cost effective sheet piling designs. American-made piling products are a key to our country's investments in infrastructure and creating jobs. This project also supports our strategy of investing in current operations to build on our synergies in the piling and foundation market serviced by our recent Skyline Steel LLC acquisition as well as our existing Harris Rebar business. These investments not only enhance our steel industry leadership status, but most importantly, position Nucor to meet the growing demands of our customers.”