Officials at Nucor Steel in Hickman made a major announcement during their 25th anniversary celebration near Blytheville Thursday.
A 230-million dollar expansion means 100 more jobs are coming to Nucor Steel. Vice President and General Manager MaryEmily Slate says the new mill is the first of its kind.
“This is the first mill in America that will take deeper reductions on higher strength steels so we can make stronger and lighter steels for many customers, including those in the automotive industry,” says Slate.
Slate says the expansion also means that potential customers will build near the mill, as well as the many construction jobs that will be available. This happened during Nucor’s 25th anniversary celebration. During the ceremony, Executive Vice President of flat-rolled products for Nucor Ladd Hall says the investment is on top of additional money spent on new technology.
“We invest tens of millions of dollars in the latest technology, new equipment and new ways of doing things,” says Hall. “This is for the team at Nucor and we are always amazed on what they do, which allows us to gain a huge return on our investment.”
Nucor Chairman, CEO and President John Ferriola.
“I am amazed what you have accomplished over the 25 years,” Ferriola told those in attendance. “This is the best year on record since 2008, and we are doing that in an environment where we have not had a lot of help in the market, in the economy, and in Washington. That says a lot.”
The Nucor Steel expansion is expected to be complete in 2019.