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24
Grainger acquires
Nucor applies to
build iron ore plant
Quebec-based in Louisiana
Excel Industriel
Nucor Corporation has applied for a permit to build
an iron-making facility in Louisiana.
Nucor CEO Daniel DiMicco commented that the project
"would help Nucor achieve our long-term goal of
Grainger's Canadian subsidiary, operations throughout the Gulf increasing control over our raw materials supply." The site
Acklands-Grainger, acquired Excel region. The company will revamp its on the Mississippi River in St. James Parish, LA, is the only
Industriel of Granby, Quebec. Excel distribution network by opening four U.S. site Nucor is actively considering.
is a business-to-business broadline new facilities, relocating one other,
Nucor acknowledged the plant "is not a certainty."
distributor of fasteners and other and enhancing three existing
Regardless of the ultimate site chosen for the project,
MRO supplies. Terms were not facilities in the area. Grainger's local
permits have to be issued and Nucor's board must
disclosed. investments are part of the
approve the selection of the site and the capital
"We are very excited about joining company's market expansion
investment. If the project is ultimately built in the U.S., it
forces with Excel," said Court initiative, a multi-year program
would be the first greenfield pig iron facility built here in
Carruthers, president of Acklands - designed to enhance Grainger's
more than 30 years.
“Nucor would build one of the most modern iron
Grainger. "They are a leading player presence in the top metropolitan
making facilities in the world to produce three million tons
in the Eastern Townships of Quebec markets across the U.S. Grainger
of pig iron, employing the latest technologies to reduce
and have a long history of excellent plans to invest between US$50-
emissions. This facility would create hundreds of good jobs
customer service. "Grainger expects US$60 million in 2008 to expand and
for American workers and demonstrate the effectiveness
an incremental sales contribution of enhance its operations across the
of new technology to protect the environment," DiMicco
US$11 million from this acquisition country.
said.
over the next year. The two existing Fastener sales helped boost
The project's first phase would require a US$2 billion
Acklands-Grainger and Excel branches Grainger revenue by US$349 million
investment and directly create 2,000 jobs during peak
in Granby will be merged within the in 2007, with total sales growing 9%
construction. For a second phase Nucor would invest an
next 60 days. to a record US$6.4 billion. Grainger additional US$1 billion for a second three million ton blast
Web: excel.qc.ca/English has added more than 38,000 fastener furnace and increase permanent employment to 750.
In other news, Grainger products to its catalogue since 2006. Nucor estimated another 2,600 permanent jobs would be
announced plans to expand its Web: grainger.com
created by suppliers and businesses opening in the area.
IFI, LAFA to offer CFS training through
new Fastener Training Institute
The Industrial Fasteners president Kelly Cole. thousands of dollars in travel LAFA has offered training on
Institute and the Los Angeles The Chicago program included expenses.” basic fastener products since it
Fastener Association everything that a student would LAFA created FTI to support was founded 40 years ago. The
announced that the Fastener experience in the regular technical training for the entire one-day basic training class
Training Institute will offer a seven-course Certified Fastener fastener industry, independently expanded over the years into a
week long version of LAFA's Specialist training, but all on of LAFA. “This new brand three-day product training
Certified Fastener Specialist consecutive days,” LAFA seminar ensures transparency among program. In 1998, LAFA created
training. The first program was chair John Wachman explained. other associations to further the the CFS program, which includes
held in Chicago in May. “If a company in the Midwest depth of training within our seven seminars and plant tour
“This partnership between the were to send a student to each community,” Cole commented. programs. Students who
Fastener Training Institute and IFI of the Los Angeles seminars, Additional technical training complete the program must pass
is in response to repeated that employee would be away programs for the fastener a final exam before earning the
requests by fastener distributors from the job for 14 days when industry will be developed by CFS designation. Thus far 198
and manufacturers to offer you include travel. This way FTI, as well as customized students have earned the CFS
LAFA’s training programs outside fastener companies can save on-site fastener technical training designation.
of Southern California,” said LAFA nine days of productivity and for fastener companies and OEMs. Web: lafa.net Web indfast.org
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