SC county OKs ordinances for Nucor growth
Apr 06, 2012 | 03:48 PM
| Corinna Petry
Tags
Nucor,
Darlington,
Memphis,
Billy Baldwin,
tax incentives,
special bar quality,
merchant bar,
rebar
equipment upgrades
CHICAGO — The Darlington County (S.C.) Council has voted to approve ordinances to support a major expansion project by Nucor Corp., which operates a steelmaking facility and mill in Darlington that produces merchant bar, special bar quality (SBQ) and reinforcing steel bar, a local official told AMM.
"Their new investment is about $120 million," Billy Baldwin, chairman of the county council, told AMM Friday. "We approved the ordinances (that cover) a fee in lieu of taxes, which Nucor has had ever since it came to Darlington. When they do X number of dollars in improvements, we can extend the existing program or give them....
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