Nucor Steel Memphis (Nucor) has invested about $10mn in new equipment for its new facility in the area that is expected to encompass around 23,000 square feet. Nucor has been operating in Memphis for 12 years in a 3,500-acre facility.
Nucor purchased heat-treating equipment from Energy Alloys, a Texas-based specialty metals supplier. Heat-treating steel improves strength, hardness, corrosion resistance, and malleability.
Once the company receives regulatory approval, it will move the equipment to its Memphis location, where special bar quality steel (high-quality carbon and alloy steel) is made. The new facility is expected to improve the quality and properties of heat-treated steel currently produced for its customers, according to a company spokesperson.
The new heat-treat facility will be built at Nucor’s existing Memphis plant where over 470 workers are employed. While no new jobs will be created, the facility will expand Nucor’s suite of products available to customers.
Construction estimates have not been released.