Nucor Steel Expanding in Frank C. Pidgeon Industrial Park, Memphis, Tennessee
Nucor Steel Memphis (Nucor Bar Mill Group) plans to add 27 jobs, invest $113 million, and increase production by 25 percent.
The company will seek a 15-year tax break this week for its investment.
Nucor, which now employs 398 people, plans to produce carbon alloy steel for the automotive, heavy equipment and service center markets. The plant is at 3601 Paul R. Lowry Road, Memphis, TN in the Frank C. Pidgeon Industrial Park (Port of Memphis).
The investments comprise $103 million in personal property and $10 million in real property.
Nucor has applied for a payment-in-lieu-of-taxes (PILOT), which will be considered by the EDGE/Industrial Development Board on Wednesday.
For full article in the Commercial Appeal Click Here.