Nucor to invest $115 million in new Crawfordsville plant

Nucor, a major competitor to U.S. Steel and Cleveland-Cliffs, plans to invest $115 million in a new plant in Crawfordsville.

The North Carolina-based steelmaker operates a mini-mill in Crawfordsville, where it’s also investing $290 million in modernization projects that include expanded galvanizing and pre-paint lines. It’s looking to build another plant there to supply manufacturers of utility infrastructure for electric vehicles, renewable energy projects and electrification due to the soaring demand.

The mini-mill operator, which is the largest steelmaker in America by volume, estimates it will hire 200 more workers by the end of 2027.

“Nucor has been doing business in Indiana since 1972, and today we have more than 2,500 teammates working at 20 different locations across the state,” said Laurent De May, General Manager of Nucor Towers & Structures. “We are excited to build on that history with our new Towers & Structures production facility. We appreciate the support we have received from state and local officials, including Governor Eric Holcomb, Secretary of Commerce, Brad Chambers, the Indiana Economic Development Corporation, Montgomery County and the city of Crawfordsville.”

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Nucor’s Towers & Structures business unit will build the state-of-the-art plant. Nucor added the division after acquiring Summit Utility Structures, leading it to decide to invest $270 million in two new utility structure manufacturing plants. It’s building another one in Alabama.

“Today is truly yet another exciting day for Nucor, Indiana and our state’s growing energy ecosystem,” Holcomb said.

The new plant will be located next to Nucor Steel Indiana sheet steel mill. The plant will feature a lot of automation and hot-dip galvanizing lines.

It will make structures for electrification projects, including EV charging stations, grid hardening and renewable energy projects.

Indiana lured the investment with up to $7 million in incentives contingent upon its job creation and investment plans.

“Nucor’s investment in Crawfordsville furthers Indiana’s momentum in energy storage and production,” said Indiana Secretary of Commerce Brad Chambers.

Construction is expected to begin later this year or early next year. Production will start in 2025.