Davidson County lands $350 million Nucor steel plant with 180 jobs

URLhttps://journalnow.com/business/local/davidson-cou
SourceWinton Salem Journal
Date Published04/07/2022
Author NameRichard Graver
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Nucor Corp
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):180
Year reshoring announced:2022
Year reshoring implemented or to be implemented:2025
Domestically, the work will be done:In-house
Capital investment ($):350
City reshored to:Lexington
State(s) reshored to:NC
If relevant, work nearshored to:-
Industry(ies):Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredsteel bar, rebar
What domestic positive factors made reshoring more attractive?Government Incentives, Infrastructure, Proximity to customers/market, Biden- infrastructure bill
Government Incentive dollar amount:$19.3 million
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