Nucor Acquires Precision Castings Company
Nucor Corp. acquired Corporacion POK S.A. de C.V. (POK), a fully integrated precision castings company with a facility in Guadalajara, Mexico. POK produces complex castings using steel, bronze, iron and specialty exotic alloys and precision-machined products used by the oil-and-gas and mining industries. The company complements Nucor's acquisition of a cold-finish facility in Monterrey last year.
In addition to the Nucor ATP Mexico cold-finish facility in Monterrey, Nucor’s current Mexican operations include several sheet-steel processing facilities as part of its Steel Technologies joint venture with Mitsui & Co. Nucor is also building a galvanizing line with its joint venture partner, JFE Steel Corp. of Japan, to serve the Mexican automotive market.