Nucor to spend $85M to upgrade Ohio mill
March 23, 2017 at 11:39 p.m.
Nucor Corp., which owns a steel mill in South Longview, will spend $85 million to upgrade a rebar mill it owns in Marion, Ohio, in a two-year project that could add 15 jobs. The mill has operated for 100 years and is one of the oldest in Nucor's fleet. The company acquired it in 2005 for $110 million.
Nucor received incentives from the state of Ohio and local governments for the project. The plant employs 265 workers.
Nucor has been steadily expanding with acquisitions, construction and upgrades during the weak steel market of the past few years.
In July, Nucor acquired the Longview mill for $29 million from Joy Global Inc. It was part of about $1 billion worth of acquisitions in the past year.