Nucor(NUE) Prnewswire·2025-01-09 21:15Company Expansion - Nucor Corporation announced the construction of a new $200 million utility structures production facility in Brigham City, Utah, expected to create 200 full-time jobs [1] - The new facility is part of Nucor's Towers & Structures business unit and will be located on the company's existing Brigham City campus [1] - Nucor is currently completing two other utility structures production facilities in Decatur, Alabama, and Crawfordsville, Indiana [1] Market Demand and Strategic Positioning - The new Utah facility positions Nucor to meet growing demand for utility infrastructure in the western U.S., driven by distributed energy projects, data centers, and population growth [2] - An expansive electric transmission buildout is planned in the western U.S., with local utilities forecasting strong load growth and increasing capital spending [2] - The Utah facility will benefit from a freight advantage compared to competitors outside the region and will receive raw materials via rail from Nucor steel mills [2] Business Unit and Operations - Nucor formed its Towers & Structures business unit in 2022 through the acquisition of Summit Utility Structures LLC, a producer of steel poles and structures for utility infrastructure [4] - The new facilities in Alabama, Indiana, and Utah will be highly automated, utilizing efficient straight-line production and advanced hot-dip galvanizing operations [4] - Production at the Alabama and Indiana facilities is expected to begin in the first and second half of 2025, respectively [4] Company Overview - Nucor and its affiliates are manufacturers of steel and steel products, with operations in the U.S., Canada, and Mexico [5] - The company produces a wide range of steel products, including carbon and alloy steel, hollow structural section tubing, electrical conduit, and utility structures [5] - Nucor is North America's largest recycler and also brokers ferrous and nonferrous metals, pig iron, and hot briquetted iron/direct reduced iron [5]