Louisville, Kentucky-based flat steel processor Steel Technologies LLC announced Wednesday that it will invest $18 million to build a new facility in Smyrna, Tennessee, creating 50 jobs.
The 83,000-square-foot building, which should be up and running in Q1 2017, will feature a slitting line and a 1,000-ton blanking press.
“This new greenfield operation expands our exposed and unexposed automotive slitting and blanking capabilities,” Steel Technologies Vice President of Operations Randall Patterson said to local media. “The facility will handle both steel and aluminum as we continue to deliver greater value and services to our strategic customers in the area.”
Steel Technologies has 24 facilities in the United States, Canada and Mexico and has more than $2 billion in annual sales. The company is owned by a joint venture between Mitsui & Co. and Nucor Corp.