June 26. Nucor Rebar Fabrication, a division of the largest steelmaker in America, will invest more than $20 million in a new rebar fabrication facility in Davidson County. The construction services company fabricates, installs, and distributes rebar to a variety of infrastructure and building projects.

The new rebar fabrication facility in Lexington will be adjacent to the new steel rebar micro mill Nucor is currently building.

Quotable

“We are excited to be adding a rebar fabrication facility at the site of our new steel mill in Lexington. Nucor has a history of making additional investments in communities where we make steel,” said John Hollatz, Executive Vice President of Fabricated Construction Products for Nucor. “With the growth North Carolina and other southeastern states are experiencing, there is a need for additional rebar fabrication in the region to serve infrastructure and nonresidential construction projects.”

Details

While wages will vary by position, the average annual wage for the new positions will be $65,000, exceeding the Davidson County average of $51,201. The 25 new jobs could potentially create an annual payroll impact of more than $ 1.6 million.

A performance-based grant of $50,000 from the One North Carolina Fund awarded to Nucor Rebar Fabrication North Carolina Inc. will help facilitate the company’s expansion in Davidson County.