Nucor Corporation announced Friday it will install a $75 million quench and self-tempering process at its Nucor-Yamato Steel Company mill in Blytheville.
The process, once completed, will give NYS the ability to produce "high strength, low-alloy grade chemistry" steel sections that will provide "excellent weldability while achieving good toughness at low temperatures," according to a news release.
The project is expected to be commission during the second half of 2016.
Governor Asa Hutchinson joined Nucor Chairman, CEO and President John Ferriola to make the announcement.
Hutchinson said even though no new jobs were announced at the event, the unemployment rate in Mississippi would not be added to from Nucor-Yamoto. He explains the company has a history of not laying off any employees and the investment would help keep the jobs already there.
He added that Mississippi County is the #2 county in the nation for steel production and has the largest steel mill in the Western Hemisphere. He hopes this plus the new investment will get Blytheville national recognition.
"Those are bragging rights and that's exciting for me as governor," Hutchinson said. "So Mississippi County is certainly getting on the map in terms of steel production, in terms of modern technology, investment in the most modern steel plants in the world."
Hutchinson believed with companies like Nucor-Yamato Steel making investments like the 1 they announced Friday will attract other companies into Arkansas.
Copyright 2015 KAIT. All rights reserved.