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Banker Steel expansion set for production

Keywords: Tags  Banker Steel, Forest City Ratner, wide-flange beams, tubular steel, construction, expansion, modular construction, Samuel Frizell

NEW YORK — Structural steel fabricator Banker Steel Co. will begin producing remotely constructed building modules at its 50,000-square-foot expansion in Lynchburg, Va., next week as the company sets its sights on a growing market.

The $2-million expansion will allow the company to produce rectangular building modules as part of a contract for a $4.9-billion development in Brooklyn, N.Y., a company spokesman told AMM. The modules will be manufactured in Virginia using tubular steel and wide-flange beams and assembled in Brooklyn into a 32-story building.

The Brooklyn building will be the largest modularly constructed building in the world, according to the spokesman.

The Lynchburg-based company has added 5,000 tons of steel processing annual capacity in hope of capturing future modular construction projects, particularly in the New York metropolitan area. The company suggested in January that it was looking at 14 buildings planned at New York’s Atlantic Yards complex, a development of residential and commercial buildings. Banker Steel had already contracted to provide structural steel for the project’s Barclays Center, the new home of the NBA’s Brooklyn Nets (, Jan. 12, 2010).

"(We) have plans on the drawing board for many other modular construction towers in New York and the five boroughs," the spokesman said.

The new facility was scheduled for completion in late March, and the company has been preparing the building since then. Production will begin the week of May 6.

The terms of the Brooklyn contract signed with New York-based developer Forest City Ratner Cos. at the end of 2012 require the company to produce 930 apartment modules within six months.

Banker Steel processes about 50,000 tons of steel for construction projects each year and employs more than 200 people.

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