Nucor invests $20 million to open rebar fabrication facility in North Carolina
Nucor Rebar Fabrication has announced plans to establish a new rebar fabrication facility in Davidson County, North Carolina. The company, which is an affiliate of Nucor Corporation and fabricates concrete reinforcing steel, will invest $20 million into the project, creating 25 new jobs for the surrounding area. To help support the project, Nucor will receive a $50,000 performance-based grant from the One North Carolina Fund.
What people are saying
In a recent quote, John Hollatz, Executive Vice President of Fabricated Construction Products for Nucor, said, “We are excited to be adding a rebar fabrication facility at the site of our new steel mill in Lexington. Nucor has a history of making additional investments in communities where we make steel. With the growth North Carolina and other southeastern states are experiencing, there is a need for additional rebar fabrication in the region to serve infrastructure and nonresidential construction projects.”
Governor Roy Cooper added, “It’s great when a home grown company chooses to expand in North Carolina, especially when it’s the largest steelmaker in America. Nucor’s decision illustrates its confidence in our state’s workforce, transportation infrastructure, and supportive business environment that makes North Carolina the best state to do business.”
Manufacturers investing in North Carolina
Boviet Solar invests $294 million to open first U.S. production facility in North Carolina
The solar energy technology company focuses on manufacturing monocrystalline PV cells for the solar industry.
SCHOTT Pharma invests $371 million to produce prefillable polymer syringes in North Carolina
Production at the new plant is expected to begin in 2027.
Siemens Energy invests $149.8 million to build large power transformers in North Carolina
The project has received a Job Development Investment Grant (JDIG), which was approved by the state’s Economic Investment Committee.
Investing in American manufacturing in 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.