5/23/2012 11:22:00 PM
HEADLINES
Nucor Fastener unveiled a $23.2 million, four-year plan to expand its St. Joe, IN, plant, add new equipment and create as many as 30 jobs.
The company has begun adding 40,000 sq ft to its existing facility at a cost of $4 million. Nucor Fastener has also begun hiring electricians, machine operators and production associates.
“We’ve already started ramping up for this expansion,” Nucor Fastener controller J.J. McCoy told GlobalFastenerNews.com.
McCoy said the updated numbers reflect a bigger picture of the operation’s growth.
In April Nucor Fastener won approval from the DeKalk County Council for an $8.7 million tax phase-in for upgrades to create new jobs at its St. Joe facility. The new jobs would pay $32 per hour plus benefits.
The 10-year phase-in will reduce property taxes on $5.9 million in new machinery and $2.7 million in building upgrades.
Nucor’s automated fastener facility employs 250 and has capacity in excess of 75,000 tons. The factory produces hex-head cap screws, hex bolts, structural bolts and custom engineered fasteners.
Nucor fasteners are used in automotive, machine tool, farm implement, construction and military applications.
Nucor entered the fastener business in 1986 when it opened its $25 million plant in St. Joe. ©2012 GlobalFastenerNews.com
Related Stories:
• 2011 Fastener Acquisitions Near 2010 Level
• Economist at NFDA: Invest Now ‘Aggressively’ In Your Company
• Taiwan’s China Steel Unable To Raise Prices
• Nucor Fastener Renews A2LA Accreditation
• Atlantic Fasteners Triples Warehouse Space
• Rodex Fasteners Revenue Sees Double-Digit Drop
• Fumes and Fire Force Temporary Evacuation at Aerospace Manufacturer
• South Africa Slaps Hefty Duties On Chinese Fastener Imports
• EFC International Names Loucks as New COO
Related Links:
Share: