2/13/2012 11:16:00 AM
NEWS BRIEFS
Nucor To Boost SBQ & Wire Rod Production

Nucor has applied for a 15-year PILOT from the Memphis Economic Development Growth Engine for a $113 million expansion project at its Memphis facility, the Memphis Business Journal reports.

The project would create 27 new jobs with a $75,000 average salary. The facility already employs about 400 workers.

If granted, the PILOT would generate more than $9.5 million in new taxes and more than $9 million of abated property taxes.

In January Nucor announced a two-year, $290 million production expansion of bar and wire-rod products, lifting its capacity at plants in Memphis, Darlington, SC, and Norfolk, NE. ©2012 GlobalFastenerNews.com

Nucor has applied for a 15-year PILOT from the Memphis Economic Development Growth Engine for a $113 million expansion project at its Memphis facility, the Memphis Business Journal reports.

The project would create 27 new jobs with a $75,000 average salary. The facility already employs about 400 workers.

If granted, the PILOT would generate more than $9.5 million in new taxes and more than $9 million of abated property taxes, the Business Journal reports.

In January Nucor announced a two-year, $290 million production expansion of bar and wire-rod products, lifting its capacity at plants in Memphis, Darlington, SC, and Norfolk, NE, by one million tons. ©2012 GlobalFastenerNews.com

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Related Links:

• Nucor Corp.