NEW YORK Gerdau Long Steel North America will build a 120,000-ton-per-year rebar fabrication facility in Knox County, Tenn., a company spokeswoman told AMM May 21.
The facility will source most of its rebar from Gerdaus mill in Knoxville, Tenn., some 12 miles away, and will apply finishing services for original equipment manufacturers.
The new fabricating capacity will be constructed in a building that has previously served as a steel facility.
"We were extremely fortunate to have found a turnkey site in a former steel facility, which means we can move quickly to meet our customers expectations," vice president and general manager Brice Wager said in a statement. "If we had not been successful in this expansion, these new jobs would have been added in another state."
The Gerdau spokeswoman called the expansion a "customer-driven opportunity," saying that the new facility would sell to one or a few large customers rather than the entire eastern Tennessee region, which she described as "a stable market year-in, year-out."
The facility will be completely retrofitted later this year and will cost the Tampa, Fla.-based company several million dollars, although the spokeswoman declined to specify the price.
Gerdau will hire about 40 employees to staff the new facility.