Steel Dynamics Plans $76 Million Expansion To Its Pittsboro, Indiana Mill
04/24/2012
The company plans to expand its facility and upgrade equipment in its engineered bar division to increase the mill's capacity to produce special-bar-quality steel bars. With the additional capacity, the Pittsboro facility will be among the largest single-site special-bar-quality facilities in North America and capable of producing 950,000 tons of SBQ bars annually. In 2011, the mill produced 638,000 tons of steel bars.
"Steel Dynamics is a homegrown Indiana company that has achieved huge global success," said Governor Mitch Daniels. "We're beyond happy that Steel Dynamics continues to succeed globally and grow locally in the Hoosier State."
"We are appreciative that Indiana continues to be a state where Steel Dynamics can expand our product offering and increase our productivity while further establishing our future in our Pittsboro home," said Barry Schneider, vice president and general manager of Steel Dynamics' engineered bar products division. "The recent enactment of the right-to-work legislation is further evidence of Indiana's commitment to providing the most competitive business environment possible for global companies like us to grow."
The Indiana Economic Development Corporation offered Steel Dynamics, Inc. up to $600,000 in conditional tax credits based on the company's job creation plans. Hendricks County also supported the project through additional incentives at the request of the Hendricks County Economic Development Partnership.
Project Announcements
Canfor Expands Fulton, Alabama, Production Operations
04/22/2024
Tucker Door & Trim Plans Henrico County, Virginia, Operations
04/19/2024
Zekelman Industries Expands Blytheville, Arkansas, Operations
04/19/2024
Fibrebond Corporation Expands Webster Parish, Louisiana, Operations
04/19/2024
Master Steel Expands Hardeeville, South Carolina, Operations
04/19/2024
L3Harris Technologies Expands Orange County, Virginia, Operations
04/18/2024
Most Read
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 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
-
Manufacturing Momentum Is Building
Q1 2024
-
Making Hybrid More Human in 2024
Q1 2024
-
20th Annual Consultants Survey: Clients Prioritize Access to Skilled Labor, Responsive State & Local Government
Q1 2024
-
Public-Private Partnerships Incentivize Industrial Development
Q1 2024