7/103 sources · 3 publishersUpdated Oct 9, 00:38 UTC
Nucor to invest $105 million expanding Indiana utility towers facility
Nucor Corporation announced a $105 million investment to expand its Towers & Structures plant in Crawfordsville, Indiana. The project will add more than 120,000 square feet of manufacturing space and create 100 new jobs. Expansion is pending regulatory and other approvals. CEO Leon Topalian said the move reflects strong demand in the utility market.
Why it matters
The company expects the investment to increase production capacity for utility poles, which could support future revenue growth in the utility infrastructure market.
Key facts
- 1Nucor will invest $105 million in the Indiana facility expansion. prnewswire.com
- 2The expansion will add 100 new jobs with average annual wages of $87,500. prnewswire.com
- 3More than 120,000 square feet of additional manufacturing space will be built. prnewswire.com
- 4The project is pending receipt of regulatory and other approvals. prnewswire.com
- 5The Indiana facility currently employs 328 teammates. prnewswire.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.