Nucor Corporation to Invest $176 Million to Build Galvanizing Line at its Kentucky Sheet Mill

Specifications:

Name:

Nucor Corporation to Invest $176 Million to Build Galvanizing Line at its Kentucky Sheet Mill

Location:

Ghent, Kentucky

Company:

Nucor Corporation

Estimated Cost:

Source:

Introduction:

Nucor Corporation announced that it is investing an estimated $176 million to build a hot band galvanizing and pickling line at its sheet mill in Ghent, Kentucky.

Features:

The new galvanizing line will expand Nucor Steel Gallatin's product capabilities and have an annual capacity of 500,000 tons. The 72-inch galvanizing line will be the widest hot-rolled galvanizing line in North America. This new line will create synergies with Nucor's other sheet mills and increase the company's market share of coated steel in the Midwest. Once the necessary approvals are obtained, it is expected to take two years to construct the galvanizing line and begin operations.

The hot band galvanizing project will create 75 new full-time jobs. Approximately 430 teammates currently work at the mill.

The addition of a hot band galvanizing line at Nucor Steel Gallatin supports our automotive growth strategy. This project will allow us to move into segments of the automotive market we currently do not serve, said John Ferriola, Chairman, CEO and President.

This project will enable us to provide our customers with value-added products as part of the company's long-term strategy for profitable growth, said John Farris, Vice President & General Manager of Nucor Steel Gallatin.

Specifications:

Source: nucor.com