Nuco Steel Bar Technologies will hire 50 for steel bar mill in Valparaiso
VALPARAISO, Ind. — Nuco Steel Bar Technologies, a processor of raw steel materials into steel bars, will locate its operations in Valparaiso, creating up to 50 new jobs by 2019.
The company, which was recently established by Michael Pitterich and Jim Sarwark, steel experts with a combined 50 years of industry experience, will invest $36.9 million to develop a greenfield site at the Airport Industrial Park in Valparaiso.
Nuco will build a 150,000-square-foot, state-of-the-art steel bar mill to process carbon, alloy and tool grades of steel into flat, round and square steel bars. The facility will include a continuous line of production, making it one of the world’s most technologically advanced cold finish bar mills. As part of processing, the steel will go through cleaning, drawing, cutting, straightening, testing and bundling before being shipped to automotive, agricultural, off-road equipment, hydraulic and tool making customers.
“Indiana is a leader in the steel industry, accounting for 25 percent of the country’s steel production,” said Victor Smith, Indiana secretary of commerce. “Today, one in five Hoosiers work in manufacturing and 23,000 specifically work with steel. These industry leaders had a world of options to consider for their new operations, but our state’s strong industry, skilled workforce and predictable business climate catapulted Indiana to the top of the list. We are happy to welcome Nuco to Indiana, a state that works for business.”