Nucor Fastener to expand with acquisition of coil processing facility
Nucor Corp is expanding its fastener division with the acquisition of an existing coil processing facility in Shelbyville, Indiana. The facility includes an automated clean and coat line, two STC® furnaces and wire drawing capabilities.
In addition to coil processing, the company will be expanding its fastener manufacturing capabilities by installing bolt-making equipment at the Shelbyville facility. This new operation will initially employ approximately 33 team members, with the potential to double those jobs as it reaches full capacity.
We are excited to grow our fastener division with the acquisition of these assets, said Joey Loosle, general manager of Nucor Fastener.
Adding bolt-making capability to the Shelbyville facility will help expand our offerings to the automotive, heavy truck, industrial/MRO and structural fastener markets.
By recycling steel in electric arc furnaces, Nucor is among the cleanest steel producers, with greenhouse gas emissions that are one third of the global steelmaking average and nearly one fifth of the average blast furnace steel producer. Nucor's fastener products are made with 97 percent recycled content.
Along with recently announced upgrades at the Nebraska engineered bar mill, the new facility will allow Nucor to better serve the automotive cold heading quality (CHQ) market. The Shelbyville facility will allow the Nucor Engineered Bar group to offer processed coil for demanding automotive CHQ applications.
Nucor Fastener, which has been operating since 1986, produces alloy steel hex head cap screws, heavy hex bolts and nuts, and Tru-Tension® assemblies. Nucor fasteners are used in markets including automotive, machine tools, farm implements, construction and military applications.