$115 million expansion planned at NYS

CHARLOTTE, N.C. -- Nucor Corporation announced today that Nucor-Yamato Steel Company, a joint venture between Nucor and Yamato Kogyo Co. Ltd., has approved a $115 million plan to expand the production of hot rolled sheet piling.

This project will be completed at Nucor's steel mill east of Blytheville, and is expected to be completed in early 2014.

There was no immediate word from the company on how the move will affect the number of employees at the plant.

Upon completion, the project will add several new sheet piling sections, increasing the single sheet widths by 22 percent and providing a lighter stronger sheet covering more area at a lower installed cost. The new sections will provide piling distributor customers with the broadest range of American-made piling solutions available today.

The company's sheet and H-piling products service the most challenging applications including marine construction, bridge and highway construction, heavy civil construction, storm protection, underground commercial parking and environment containment projects in the infrastructure and construction industry.

"The United States is a country that innovates, makes and builds things," said Daniel R. DiMicco, Nucor's chairman and chief executive officer. "This investment enhances Nucor-Yamato Steel's ability to make innovative, cost-effective sheet piling designs. American-made piling products are key to our country's investments in infrastructure and creating jobs. This project also supports our strategy of investing in current operations to build on our synergies in the piling and foundation market serviced by our recent Skyline Steel LLC acquisition, as well as our existing Harris Rebar business. These investments not only enhance our steel industry leadership status, but most importantly, position Nucor to meet the growing demands of our customers."

Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the UNited States and Canada. Products produced include carbon and alloy steel -- in bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; steel grating and expanded metal; and wire and wire mesh. Nucor is North America's largest recycler.