Photo Credit: Nucor –
The North Carolina Railroad Company (NCRR) is one of several partners named in the recent announcement that Charlotte-based Nucor will construct a new mini steel mill in Davidson County to produce steel rebar. In total, Nucor will bring an investment of $350 million and 180 new high-paying jobs, increasing their economic presence in North Carolina.
Nucor is a Fortune 500 industrial steel manufacturer headquartered in Charlotte, N.C. The company has many manufacturing locations in the U.S. and abroad, including an existing steel mill in Cofield, N.C
Through the North Carolina Railroad Company’s economic development initiative NCRR Invests, NCRR is investing approximately $750,000 to assist with the construction of a new rail spur and onsite loading, unloading and storage tracks for Winston-Salem Southbound, a shortline railroad jointly owned by Norfolk Southern and CSX, to serve the new facility. The new rail modifications will increase activity by 2,000 additional rail cars each year.
“Rail infrastructure is extremely important in attracting high quality manufacturers and distributors that bring high paying jobs to our communities,” says NCRR President & CEO, Carl Warren. “Occasionally those companies need room to expand their site footprint or operation. Through NCRR Invests, we are able contribute to an effort including Davidson County, the North Carolina Department of Commerce, the Economic Development Partnership of North Carolina, and many others who made this amazing opportunity a reality for the people of Davidson County.”
Additional project partners include the North Carolina General Assembly, the North Carolina Community College System, the North Carolina Department of Transportation, the North Carolina Department of Revenue, the GoldenLEAF Foundation, the Davidson County Economic Development Commission, City of Thomasville, City of Lexington, and Davidson Water Inc.
About the North Carolina Railroad Company
The North Carolina Railroad Company is a private corporation whose voting stock is owned by the State of North Carolina. The Company manages the use of 317 miles of track and property stretching from Charlotte to the Port of Morehead City. The Company’s mission is to benefit the people of North Carolina by aggressively leveraging the unique strengths and capabilities of the North Carolina Railroad Company. Our vision is a modernized railroad that meets the needs of the future, expanding North Carolina’s competitive advantage.
About NCRR Invests
NCRR Invests provides assistance to companies that take advantage of the state’s freight rail opportunities and create jobs by locating or expanding their business in North Carolina. The goal of any NCRR investment is to drive job creation and economic growth.