Steel Mills
Nucor Acquires Castings Company in Mexico
Written by Sandy Williams
November 29, 2018
Nucor is increasing its presence in Mexico with the acquisition of Corporacion POK, a fully integrated precision castings company with a facility in Guadalajara.
“Our company has had a presence in Mexico for more than a decade. We know the market and the customers there. This acquisition supports Nucor’s strategy in Mexico, which is focused on downstream processing for high-quality, value-added applications targeting niche markets,” said John Ferriola, Chairman, CEO and President of Nucor Corp. “Expanding our capability to produce value-added products is a key component of our strategy for long-term profitable growth.”
POK employs 425 people at its Guadalajara facility and produces a wide array of precision castings using steel, bronze, iron and specialty exotic alloys. POK’s products are used by the oil and gas, mining and sugar processing industries. The acquisition will enable Nucor to broaden its current product offerings and expand sales in new and existing markets.
Nucor’s other Mexican holdings include Nucor ATP, a cold finishing facility in Monterrey, Mexico, as well as several sheet steel processing centers as part of its Steel Technologies joint venture with Mitsui & Co. The company is also partnering with Japan’s JFE Steel Corp. to build a galvanizing line to serve the Mexican automotive market.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
ArcelorMittal posts solid results as commissioning of Calvert EAF begins
AM/NS Calvert has begun commissioning its new electric-arc furnace, with plans to reach its full annual run rate of 1.65 million short tons a year from now.
Tampa Steel Conference: Tanners on rising capacities and storms brewing across steel
There's a lot of production waiting to come online
USS idles “B” battery at Clairton following explosion
U.S. Steel has idled its "B" Battery at its Clairton Coke Works near Pittsburgh following a “release of excess pressure” inside a section of the battery on Feb. 5.
ArcelorMittal to start building Calvert NGO electrical steel line this year
ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]
AISI: US steel shipments rise in December
Domestic steel shipments increased month over month and year on year in December, according to the latest data from the American Iron and Steel Institute (AISI). US steel mills shipped 7,145,016 short tons (st) in December, up 0.9% from 7,082,921 st in December 2023 and 6.6% higher than 6,702,557 st in November 2024. For the full-year […]