Nucor Corp. agreed to acquire Joy Global’s steel plate mill in Longview, Texas, for approximately $29 million. The facility produces carbon and alloy plate products with heat-treating capabilities and has an annual capacity of 180,000 tons. The mill produces specialty plate products that can range from 1-12 inches thick and up to 138 inches wide. Approximately 140 non-unionized teammates work at the Longview mill. According to Nucor, the Texas mill complements the capabilities of its two existing plate mills in North Carolina and Alabama, which have a combined capacity of 2.9 million tons per year. The existing mills produce plate for manufacturers of barges, bridges, heavy equipment, ships, wind towers, armor and other markets.
Nucor to Acquire Texas Plate Mill
July 22, 2016