NEW YORK Structural steel
fabricator Banker Steel Co. is expanding its Lynchburg, Va.,
facility by 45,000 square feet and adding 50 employees in order
to produce remotely constructed building modules using tubular
steel for a new contract, a spokesman for the company told
AMM on Thursday.
The $2-million site expansion
will allow the Lynchburg-based company to create modularly
constructed building units for a multimillion-dollar contract
that is part of a $4.9-billion development in Brooklyn, N.Y.,
the spokesman said. The modules will be manufactured piecemeal
in Virginia and assembled on site into a 32-story building in
The building modules use tubular
steel rather than steel beams and require different production
methods than any of Banker Steels other lines, he said.
The companys newly expanded work force will specialize in
the new product.
"Were the only company
that has tackled building and engineering modular structures on
this scale," the spokesman said.
Banker Steel signed the contract
with private developer Forest City Ratner Cos. at the end of
2012 and expects to complete its facility expansion by the end
of March, he said.
The spokesman said the company
hopes to be awarded contracts for some of the other 14
buildings planned at the Atlantic Yards complex, a development
of residential and commercial buildings where Banker Steel was
already contracted to provide structural steel for the
projects Barclays Center, the new home of the NBAs
The company declined to name the
price of the new contract, but said it was valued at less than
$50 million. If Banker Steel were awarded contracts for all 15
buildings at Atlantic Yards, the value would come out to around
$500 million, the spokesman said.