Aug. 3, 2016
 
Nucor Acquires Texas Plate Mill

Nucor Corp., Charlotte, N.C., will add to its plate offerings with the acquisition of Joy Global’s mill in Longview, Texas. Nucor paid $29 million for the facility, which has an annual capacity of 180,000 tons.

"This acquisition builds on our strategy to capture a growing share of higher-value-added plate products and complements the capabilities of our two existing plate mills," says John Ferriola, chairman, CEO and president of Nucor. "The Longview mill will serve as a valuable addition to Nucor's plate product offerings, which we believe can be further leveraged by our Nucor commercial team."

The mill produces specialty plate products with the capability of producing plate that can range from 1 to 12 inches thick and up to 138 inches wide.

Nucor's existing plate mills are in North Carolina and Alabama and have a combined capacity of 2.9 million tons per year. They produce plate for manufacturers of barges, bridges, heavy equipment, rail cars, refinery tanks, ships, wind towers, armor and other markets. Nucor plate products are also used in the pipe and tube, pressure vessel, transportation and construction industries.


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Tuesday, December 12, 2017