Nucor, Mitsui Combine to Form New Investment-Minded Company

September 1, 2010

NuMit LLC is the name of a newly created company owned 50-50 by Nucor Corp. and Mitsui & Co. (U.S.A.), Inc. NuMit expects to invest in various steel-related activities around the world. Investment one: taking on all of the assets of Steel Technologies LLC, which operates 23 North American sheet-processing facilities. Steel Technologies will assume implementation responsibilities for a new Greenfield flat-rolled processing center to be built in Monterrey, Mexico, a project previously announced by Nucor to include pickling, slitting and cut-to-length capabilities.

Nucor Corp.: www.nucortusk.com
Industry-Related Terms: Center
View Glossary of Metalforming Terms

 

See also: Nucor Buildings Group

Technologies: Materials

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