CHARLOTTE, N.C., May 10, 2016 /PRNewswire/ -- Nucor Corporation
(NYSE: NUE) announced today that its Vulcraft/Verco Group is
expanding into Canada. The new
production facility will operate as Vulcraft Canada, Inc., and will
be located near Hamilton, Ontario
to serve the Central and Eastern Canadian markets. The facility
will produce steel joists, joist girders, and decking. Product
fabrication is expected to begin later this year.
"We are excited to expand our production into Canada as part of our long-term commitment to
serving our customers in this market," said Ray Napolitan, Executive Vice President,
Fabricated Construction Products. "We already have valuable
partnerships with many Canadian customers, and we look forward to
building on those relationships and growing this business well into
the future."
Vulcraft Canada, Inc. is a wholly-owned subsidiary of Nucor
Corporation. Nucor's start in the steel business began when it
purchased the Vulcraft Corporation, a South Carolina maker of steel joists and joist
girders. Today, the Vulcraft/Verco Group has 10 facilities in
the United States and is the
nation's largest producer of steel joists and deck.
Nucor and its affiliates are manufacturers of steel products,
with operating facilities primarily in the U.S. and Canada.
Products produced include: carbon and alloy steel – in bars, beams,
sheet and plate; steel piling; steel joists and joist girders;
steel deck; fabricated concrete reinforcing steel; cold finished
steel; steel fasteners; metal building systems; steel grating; and
wire and wire mesh. Nucor, through The David J. Joseph
Company, also brokers ferrous and nonferrous metals, pig iron and
HBI/DRI; supplies ferro-alloys; and processes ferrous and
nonferrous scrap. Nucor is North
America's largest recycler.
Certain statements contained in this news release are
"forward-looking statements" that involve risks and
uncertainties. The words "believe," "expect," "project,"
"will," "should," "could" and similar expressions are intended to
identify those forward-looking statements. Factors that might
cause the Company's actual results to differ materially from those
anticipated in forward-looking statements include, but are not
limited to: (1) competitive pressure on sales and pricing,
including competition from imports and substitute materials; (2)
the sensitivity of the results of our operations to prevailing
steel prices and the changes in the supply and cost of raw
materials, including scrap steel; (3) market demand for steel
products; and (4) energy costs and availability. These and
other factors are discussed in Nucor's regulatory filings with the
Securities and Exchange Commission, including those in Nucor's
fiscal 2015 Annual Report on Form 10-K, Item 1A. Risk
Factors. The forward-looking statements contained in this
news release speak only as of this date, and Nucor does not assume
any obligation to update them.
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SOURCE Nucor Corporation