Steel Technologies LLC is expanding its Decatur plant
Steel Technologies LLC is expanding its Decatur plant to make items for water heaters, appliances, air conditioner systems and automobiles. The company will spend $19.34 million on a blanking press project that will add 50 new employees within three years.Construction is expected to start this month and take a year to complete.
According to the Decatur Daily, Steel Technologies will expand its plant at Mallard Fox Drive Northwest to install the new blanking press. Decatur won the project over Steel Technologies plants in Tennessee and Mississippi, and company officials said that could lead to even more projects coming to the city in the near future. Nucor is part owner of Steel Technologies according to Jeremy Nails, president and CEO of the Morgan County Economic Development Association.
"Steel (Technologies) is growing its portfolio," Nails said. "The company is making a major investment in the Decatur plant after over 20 years of not adding anything to the facility. This major expansion will mean more tax dollars and jobs that create money for the community and the schools."
Read more from the Decatur Daily here.