CRAWFORDSVILLE, Ind.–Nucor is expanding its steel mill in Crawfordsville. The corporation announced Wednesday that 80 new full-time, high-wage positions will be created by the end of 2024.
Nucor plans to add a “construction grade continuous galvanizing line and prepaint line” to its operations. The galvanizing line will have a capacity of 300,000 tons per year, and the prepaint line will have an annual capacity of 250,000 tons.
The upgraded production capabilities will further expand Nucor’s existing operations across North America, said a news release from the corporation.
“Indiana is pioneering a new energy ecosystem to support sustainability and growth,” said Secretary of Commerce Brad Chambers. “As the largest recycler in North America, Nucor sets the bar high for sustainable manufacturing across our state and the nation, and the company’s investment in Montgomery County will raise that bar even higher.”
The challenge, though, for many companies is finding workers to fill jobs. Indiana has over 150,000 open jobs. Still, the investment means the corporation will be growing its force of 770 people in Crawfordsville and nearly 29,000 people across the country.
“Investing in Nucor Steel Indiana will allow us to grow our profitability in the Midwest construction region and expand Nucor’s prepaint footprint,” said Rex Query, executive vice president of sheet and tubular products for Nucor Corporation. “This investment is part of our strategy to grow our core steel business and expand our portfolio of value-added products.”
The Indiana Economic Development Corporation is working with Nucor to finalize a committed investment in the form of incentive-based tax credits based on the company’s job creation and investment plans. Montgomery County is considering additional investments.