Nucor is one of the largest producer of steel within the United States. The corporation exceeds the production capacity for steel by over 27 million ton. Nucor was founded in 1905 by Ransom E. Olds. After leaving his original company Oldsmobile due to financial complications, Ransom developed the REO Motor Company which later evolved into the Nuclear Corporation of America. Due to the end of Korean War, REO began to struggle which developed the merging of assets in return diminishing REO Motor Company and forming the Nuclear Corporation of America. Around 1962, the corporation made two tentative moves that would make major impacts within the development of the corporation. One thing that took place was the acquisition of the company Vulcraft …show more content…
Joe, Indiana. Proverbs 13:22 states, “A good man leaves an inheritance to his children's children, but the sinner's wealth is laid up for the righteous.” In 1974, Nucor became a part of the teammates’ children which provides over 70 million dollars to Scholarships and Educational Disbursements while also making sure that every Nucor teammate is entitled to educational funds. By the 1980’s Nucor had made a well-known name for itself. With the incorporation of a Japanese company Yamato Kogyo, a mini mill named the Nucor-Yamato plant was developed in Blytheville, Arkansas. After the stepping down of Ken Iverson in 1995, the corporation began to flourish with the opening of a state-of-the-art plate mill facility in 2000 with nearly 400 employees and a capacity of 1.6 million tons. By 2010, Nucor doubled in size with over 20,000 teammates ranging from over 212 facilities in 22 states and numerous international locations. In 2012, Nucor took a major step by entering into a long-term agreement with Encana Oil & Gas (USA) Inc. This agreement made it certain that low cost and reliable supplies of natural gas were available to Nucor for the next 20