Consultants Forum Advertise
Subscribe
Close

  • Free for qualified executives and consultants to industry

  • Receive quarterly issues of Area Development Magazine and special market report and directory issues

Subscribe Now
Renew

Area Development - Site Selection, Facility Planning and Workforce Development

Nucor Corporation Plans Crawfordsville, Indiana, Utility Structures Manufacturing Plant

06/16/2023
Nucor Corporation, the largest U.S.-based steel producer, will establish a utility structures manufacturing facility for its Towers & Structures business in Crawfordsville, Indiana. The $115 million project is expected to create up to 200 jobs by the end of 2027.

The new facility will be located adjacent to the Nucor Steel Indiana sheet steel mill and will provide a wide array of engineered utility structures necessary to support our nation’s electrification initiatives, such as grid hardening, renewable energy projects and building a nationwide network of EV charging stations. Production is scheduled to start by mid-2025.

“Nucor has been doing business in Indiana since 1972, and today we have more than 2,500 teammates working at 20 different locations across the state,” said Laurent De May, General Manager of Nucor Towers & Structures. “We are excited to build on that history with our new Towers & Structures production facility. We appreciate the support we have received from state and local officials, including Governor Eric Holcomb, Secretary of Commerce, Brad Chambers, the Indiana Economic Development Corporation, Montgomery County and the City of Crawfordsville.”

Pending approval of the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will commit an investment in Nucor Towers & Structures of up to $3.25 million in the form of incentive-based tax credits and up to $3.75 million in conditional structured performance payments based on the company’s job creation and investment plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired and investments are made.

“Nucor’s investment in Crawfordsville furthers Indiana’s momentum in energy storage and production,” noted Indiana Secretary of Commerce Brad Chambers. “Nucor’s new Towers & Structures production facility will not only create new community investment and quality career opportunities, it will also power the future of the energy sector across the U.S., supporting electrification and continued clean energy efforts.”

Nucor’s Towers & Structures business unit was formed in 2022 after the company acquired Summit Utility Structures LLC, a producer of steel utility structures.

Share

Exclusive Research