Economic Development News
Monday, September 10 2018
70-job, phase II project will add ability to manufacture wider steel coils
Frankfort, KY -- Governor Matt Bevin congratulated Nucor Corp. on its plans for a $650 million, 70-job expansion at its mill near Ghent, Nucor Steel Gallatin, and thanked the company for its ongoing commitment to the commonwealth.
“Nucor is doing incredible things at its Kentucky steel mill. We are excited that, after a substantial investment in 2017, the company has decided to move forward with its phase II project and create additional job opportunities for the county and surrounding communities,” Gov. Bevin said. “The steel and primary metals industry are a driving force behind the commonwealth’s surging economy, and this announcement reflects the distinct advantages we have to offer engineering and manufacturing companies. Nucor is certainly a major player in this industry, and we are grateful for their commitment to continue forging success right here in Kentucky.”
Tuesday, April 24 2018
Polk County, FL — Nucor Corporation announced that it will build a rebar micro mill in Frostproof, Florida, which is located in Polk County. This is a $240 million investment and is the second rebar micro mill Nucor is constructing. In November 2017, Nucor announced a rebar micro mill project in Sedalia, Missouri.
"Nucor has always focused on growing our business to better serve our customers. We are building this rebar micro mill in a great and growing market where demand is strong and there is currently an abundant supply of scrap, a good portion of which is handled by our scrap business, The David J. Joseph Company," said John Ferriola, Chairman, CEO & President of Nucor Corporation.
Monday, September 19 2016
Frankfort, KY -- Steel Ventures Inc., an affiliate of Huntington-based Steel of West Virginia Inc., plans a $16 million buildout of an existing facility in Wurtland to establish a 65-job galvanizing and distribution operation.
“Our administration is committed to helping breathe new life into the eastern Kentucky economy. Significant investments from companies like Steel Ventures are essential to achieving that goal,” Gov. Matt Bevin said. “These newly created jobs will greatly benefit the region and grow Kentucky’s metals industry. I am grateful to Steel Ventures for this continued investment in eastern Kentucky.”
From Steel Ventures’ Wurtland complex, the new plant will meet the demand for galvanizing both regionally and nationwide. It will allow the company to coat a variety of products including truck trailer cross members, I-beams, guardrail posts, complex fabricated assemblies and parts.