Nucor Plans to Construct New Coil Processing Center

Nucor Corp., Charlotte, N.C., has announced that it plans to construct a sheet and coiled plate processing center in Mexico to better service the growing needs of its customers. Nucor anticipates that the new facility will have an annual capacity in excess of 500,000 tons.

The facility will include a variety of value-added processing capabilities including pickling, slitting, cut-to-length and blanking. It is expected 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.

"Mexico is a very important market to Nucor," says 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 and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada.