Nucor Steel Upgrades-Expands Tuscaloosa County, Alabama, Operations
11/23/2023
The project will enable the facility, located on Holt Road, to produce thinner, stronger, higher-quality plates and a new product line that is not currently manufactured domestically. Production is scheduled for Summer 2027.
“The investment at the rolling mill at Tuscaloosa is important to keep our mill competitive in the global steel industry and open up new market opportunities for our team." said Brian Phillippi, vice president and general manager of Nucor Steel Tuscaloosa. “We appreciate the support we have received from the Tuscaloosa County Economic Development Authority for this project.”
The Tuscaloosa County Industrial Development Authority approved a tax abatement package as part of an investment by Nucor. The tax savings support the retention of more than 400 high paying jobs and the generation of new revenue for local vendors and the state and local tax bases. The company will receive an abatement of the non-educational sales and use taxes for purchases of equipment and building materials during the construction phase of the project and an abatement of the non-educational ad valorem taxes on certain real and personal property for up to 10 years.
“It’s great news that Nucor is making a significant re-investment in its facility in Tuscaloosa because this commitment solidifies the site’s future and the high-paying jobs of over 400 workers,” noted Greg Canfield, Secretary of the Alabama Department of Commerce. “This is an important win for the community and for the entire state.”
“Nucor has investments in over 300 operating facilities in North America, and we are proud that the Tuscaloosa facility has been awarded this new business,” added Justice Smyth, executive director of the Tuscaloosa County Economic Development Authority. “In today’s global market, companies have a wealth of opportunities regarding where and how to invest in operations.”
Nucor Corporation is the largest steel producer in the U.S. and the largest recycler of scrap in North America. Along with Commercial Metals Company, it is one of two primary suppliers of rebar used to reinforce concrete in buildings, bridges, roads, and infrastructure in the U.S.
Project Announcements
Worksport Expands West Seneca, New York, Operations
05/10/2024
Clark Gas Co. Propane Cylinder Exchange Plans Thomasville, Alabama, Distribution Operations
05/10/2024
Columbia Vehicle Group Plans Aiken, South Carolina, Production Operations
05/09/2024
FIFCO USA Expands Rochester, New York, Genesee Brewery Operations
05/09/2024
Australia-Based Fortescue Establishes Buckeye, Arizona, Green Hydrogen Operations
05/09/2024
27North Expands Springfield, Missouri, Production Operations
05/09/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
38th Annual Corporate Survey: Are Unrealized Predictions of an Economic Slump Leading Small to Mid-Size Companies to Put Off Expansion Plans?
Q1 2024
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Manufacturing Momentum Is Building
Q1 2024
-
Last Word: Striking a Balance - Prioritizing Electric Infrastructure While Preparing for the Next Wave of Industrial Expansion
Q1 2024