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 5/10 Good --- www.charlotte.com http://www.charlotte.com/122/index.rss
| News, sports and entertainment from Charlotte.com ... |
Friday, May 16, 2008 --- 71 days ago http://www.charlotteobserver.com/business/story/626409.html
| It's been a big week for Nucor Corp. -- but it's just a coincidence that the company has announced three major expansion plans in as many days, its chief executive said Thursday. The Charlotte steelmaker announced plans Thursday to spend $2 billion to build an iron-making plant, news that came on the heels of two overseas joint ventures announced Tuesday and Wednesday. The deals are the result of ongoing talks that just happened to wrap up this week, CEO Dan DiMicco said. "It was more of a coincidence that it happened `boom, boom, boom,' " he said. "We're working on 10 to 20 projects at a given time. Sometimes they hit, and sometimes they don't." In its latest announcement, Nucor said it has applied for a permit to build an iron-making plant in St. James Parish, La. If it chooses the Louisiana site, the plant would be the first of its kind in the U.S. in the last 30 years, the company said. Nucor is also considering a site overseas, DiMicco said. The plant's initial phase, costing $2 billion and employing 500 workers, would include a port on the Mississippi River and a three million-ton blast furnace. A possible $1 billion second phase would add another blast furnace and 250 more employees, the company said. The plant is not a certainty; Nucor's board must approve the site and project before it can move forward, DiMicco said. The company wants to build the plant to produce its own pig iron, a raw ingredient in steel making, rather ... |
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