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 a
new fee in lieu of taxes. Its standard procedure for any
county in South Carolina, and all are approved through the
The "yes" vote came after three
readings at council meetings, he said.
"The old fee ran out after
probably 15 years. The new fee is extended in two cycles, as
many as 30 years," Baldwin said, noting that Nucor is one of
the largest employers in the county and "we have a very good
working relationship with the company. We are glad to have
Nucor in Darlington. They are a progressive company."
According to local reports,
Nucor will hire about 25 people at the expanded plant.
A Nucor spokeswoman declined to
comment further Friday on the Darlington expansion project.
Nucor also has received a
15-year tax abatement from Shelby County in Tennessee to help
support a $103-million expansion of its SBQ steelmaking
facility in Memphis (AMM, Feb. 17). The expansion is
expected to create 27 jobs in Memphis.
Equipment is being added in
Memphis and Darlington to improve the quality and capacity of
products sold into such end markets as automotive, heavy
equipment, construction and service centers.