Feb 02, 2022

Largest US Steel Producer Investing $290M to Modernize Indiana Operations

 Indiana continues to secure growth in sustainable manufacturing as Nucor Corporation (NYSE: NUE) announced today an expansion and modernization of its sheet mill operations in Crawfordsville. To support its expansion, the company plans to create 80 new full-time, high-wage positions in Montgomery County by the end of 2024.


“Indiana is pioneering a new energy ecosystem to support sustainability and growth,” said Secretary of Commerce Brad Chambers. “As the largest recycler in North America, Nucor sets the bar high for sustainable manufacturing across our state and the nation, and the company’s investment in Montgomery County will raise that bar even higher.”

The company plans to invest $290 million in the project, adding a construction grade continuous galvanizing line and prepaint line to its operations at 4537 Nucor Rd. in Crawfordsville. The galvanizing line will have a capacity of 300,000 tons per year, and the prepaint line will have an annual capacity of 250,000 tons. The upgraded production capabilities will further expand Nucor's existing operations across North America.

The Indiana Economic Development Corporation is working with Nucor Corporation to finalize a committed investment in the form of incentive-based tax credits based on the company's job creation and investment plans. Montgomery County is considering additional investments.