Nucor Celebrates 50 Years Of Business in Norfolk
NORFOLK- One of Norfolk's biggest employers celebrated a half century of doing business in northeast Nebraska.
City and State leaders were on hand as Nucor Vulcraft Nebraska celebrated their 50 year anniversary with employees and their families.
One man who knows a thing about business is Nebraska Republican Gubernatorial Nominee Pete Ricketts.
The former Chief Operating Officer of Ameritrade attended Thursday's celebration, and says Nucor has been successful because of its core values.
Ricketts: They are teammate here. They are part of a team. They are looking for those folks that have those values of hard work, going to show up, to be loyal to the company."
All four former general managers of Nucor's Norfolk operation were on hand for the celebration, along with the company's top executive.
Nucor CEO John Ferriola, who was general manager of Nucor Steel in Norfolk from 1995-1998, says they are working expanding their operations in Norfolk.
Ferriola: "We've just spent several tens of millions of dollars on our steel mill across town. We are looking at some opportunities here at our Vulcraft operation. Smaller things that we are doing to build a new base of business."
In February, Nucor announced they would spend 70 million dollars to expand their steel plant in order to meet the needs to Tejas Tubular Products. It is expected to finish in during the first quarter of 2015.