Nucor to Invest $1.35 Billion in New Kentucky Steel Plate Mill
28 March 2019 - 8:22AM
Dow Jones News
By Bowdeya Tweh
Nucor Corp. (NUE) said Wednesday it will spend $1.35 billion to
build a new steel-plate production mill in Kentucky.
The Charlotte steelmaker said the mill, located in Brandenburg,
Ky., will be capable of producing 1.2 million tons of products
annually. The facility is expected to be in operation in 2022,
Nucor said.
Nucor currently operates plate mills in North Carolina, Alabama
and Texas.
The plate mill will employ more than 400 full-time workers at an
average salary of $72,000.
Write to Bowdeya Tweh at bowdeya.tweh@wsj.com
(END) Dow Jones Newswires
March 27, 2019 17:07 ET (21:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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