Nucor Corporation

Nucor Corporation

Nucor Corporation is one of the major producers of steel in the United States; the corporation is known around the world by its activity as a steel recycler inside North America. The company recycles 25 millions of steel tons by year; an important contribution to environmental care. Nucor Corporation incorporated important allied companies who help it to make its products accessible to all people around the world.

 

The philosophy of Nucor is one of the most controversial and effective in the U.S. market: decentralized management, rewards by goals, equal benefits for all the employers, customer services and technology Leadership. For this reason every Nucor division has only 5 levels of production in every part of the world. Each Nucor division and establishment has 75 employees at most.


The company has a history of falls and important achievements since 1897 when the young entrepreneur called Ransom E. Olds founded the Oldsmobile Motor Company. Years later, this one started to belong to General Motors, Ransom created another new company called REO Motor Car Company that made cars popular but not rentable. However, this company didn’t have the expected results and the shareholders bought the company to small businesses and companies in 1955. But a few group of shareholders demanded for a company restructuring.

 

So, in 1960 it was born the “Nuclear Corporation of America Inc” which focuses on the Nuclear services industry in the United States. During the first years, the company bought Vulcraft Corporation, Steel Beam Manufacturers. The Nuclear business did not work, too, and the Corporation focused on its only rentable company, the Vulcraft Corporation. Finally the shareholders decided change to the name of the company to Nucor Corporation, and then it started to grow.


Nucor Corporation HeadQuarters

Nucor Corporation

Street: 1915 Rexford Road
City: Charlotte
State: NC
Zip Code: 28211

Contact Information

Phone: 704-366-7000
Website: http://www.nucor.com/
Stock Symbol: NUE

Company information

No information available


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