Nucor Invests $59 Million to Expand Vulcraft Indiana Manufacturing Facility
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Nucor Corporation (NYSE: NUE) will invest $59 million to expand its Vulcraft Indiana manufacturing facility in St. Joe, adding steel grating production capabilities as the steelmaker continues to build out its downstream manufacturing operations. The expansion is expected to create 20 full-time jobs at the facility, which currently employs more than 300 people. The investment extends a series of capital projects by Nucor in Indiana and adds another product category to a Vulcraft operation primarily focused on steel products for nonresidential construction. For Nucor, the project fits within a broader strategy of expanding beyond core steelmaking into higher-value fabricated and downstream products. Adding steel grating capacity at an existing Vulcraft operation gives the company another way to serve construction and industrial customers while leveraging its established manufacturing footprint. "We are pleased to be growing our Vulcraft business in Indiana with this investment to better serve our customers and strengthen our downstream production capabilities, advancing our mission to Grow the Core and Expand Beyond," said John Hollatz, executive vice president of Fabricated Construction Products. The St. Joe project represents Nucor's fourth major investment in Indiana in recent years. In 2022, the company announced a $290 million modernization of its sheet mill operations...
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