Nucor to Expand Utility Towers & Structures Facility in Indiana

The planned investment adds utility-pole production capacity, but regulatory and other approvals remain pending.

Rhea-AI Summary

Nucor (NUE) plans a $105 million expansion of its utility towers and structures facility in Crawfordsville, Indiana, subject to approvals. The investment will add capacity to manufacture utility poles and related products for power transmission and distribution infrastructure.

The expansion includes more than 120,000 square feet of additional manufacturing space with automation and new production equipment. Nucor expects the investment to create 100 new jobs paying average annual wages of $87,500; the facility currently employs 328 people. Regulatory and other approvals remain pending. Nucor cites demand in the utility market as the reason for the expansion and is also constructing a towers and structures facility in Utah.

Positive

• Minor point. Forward-looking: it has not happened yet and may not happen.Crawfordsville expansion adds capacity through more than 120,000 square feet of additional manufacturing space.
• Minor point. Forward-looking: it has not happened yet and may not happen.Indiana investment is expected to create 100 new jobs paying average annual wages of $87,500.
• Minor point. Forward-looking: it has not happened yet and may not happen.Utah towers and structures facility is under construction, adding another planned production location.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Crawfordsville expansion requires an additional $105 million investment.
• Minor pointExpansion remains subject to regulatory and other approvals.

Key Figures

Investment: $105 million New jobs: 100 jobs Average annual wages: $87,500 +1 more

Investment

$105 million

Indiana facility expansion

New jobs

100 jobs

Expected from the expansion

Average annual wages

$87,500

For the expected new jobs

Additional manufacturing space

More than 120,000 square feet

Indiana facility expansion

Key Terms

hot-dip galvanizing

1 terms

hot-dip galvanizing technical

"advanced hot-dip galvanizing operations"

A metal-protection process where steel or iron is dipped into molten zinc to form a durable, corrosion-resistant coating — like giving metal a long-lasting raincoat. It matters to investors because hot-dip galvanizing extends product life, reduces maintenance and warranty costs, and can be a regulatory or quality requirement in construction, infrastructure and manufacturing markets; changes in demand, energy or zinc prices and environmental rules can affect company margins and capital needs.

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CHARLOTTE, N.C., Oct. 8, 2026 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today that it is expanding production at its Nucor Towers & Structures facility in Crawfordsville, Indiana, pending receipt of regulatory and other approvals. The additional $105 million investment will add capacity to manufacture utility poles and related products that support the nation's power transmission and distribution infrastructure. This investment is expected to create 100 new jobs paying average annual wages of $87,500.

"The expansion of our Indiana facility reflects the strong demand we are seeing in the utility market," said Leon Topalian, Chair and Chief Executive Officer of Nucor Corporation. "Utilities across the country are making significant investments to modernize the electric grid and meet growing electricity demand. By expanding our Crawfordsville operations and investing in advanced manufacturing and automation, we are strengthening our ability to serve our customers and support their long-term infrastructure needs."

The expansion includes more than 120,000 square feet of additional manufacturing space, incorporating advanced automation, modern production equipment, and the latest manufacturing technologies. These investments are designed to expand production capacity while supporting efficient, safe, and high-quality manufacturing operations as Nucor Towers & Structures continues to grow. Nucor Towers & Structures Indiana facility currently employs 328 teammates.

"We are proud to expand Nucor's presence in Indiana and build on the success of our Crawfordsville operations," said Laurent De Mey, Vice President and General Manager of Nucor Towers & Structures. "This investment will allow us to better serve our utility customers while creating high-quality jobs and supporting continued economic growth in the region. We appreciate the partnership of Governor Braun, the Indiana Office of Commerce, the Indiana Economic Development Corporation, the Montgomery County Council and Board of Commissioners, and other state and local leaders who have supported this project."

Nucor Towers & Structures was formed in 2022 following Nucor's acquisition of Summit Utility Structures LLC, which operated an existing production facility in Pennsylvania. Nucor subsequently built new Towers & Structures facilities in Alabama and Indiana and is currently constructing another facility in Utah. The company's facilities are highly automated and feature efficient, straight-line production processes and advanced hot-dip galvanizing operations.

Nucor employs approximately 2,600 teammates at more than a dozen locations across Indiana, including Nucor Steel Indiana, the company's first sheet mill, which began production in 1989.

About Nucor

Nucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

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SOURCE Nucor Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much is Nucor investing in its Crawfordsville utility towers and structures expansion?

Nucor plans an additional $105 million investment in its Crawfordsville, Indiana, facility. The expansion will add capacity for utility poles and related products and remains subject to regulatory and other approvals.

How many jobs is Nucor's Crawfordsville expansion expected to create?

Nucor expects the investment to create 100 new jobs paying average annual wages of $87,500. The Indiana towers and structures facility currently employs 328 people.