Morrison, TN ()

McNeilus Steel

McNeilus Steel Inc. will utilize NMTC allocation to finance equipment and working capital for a steel processing and distribution facility located in Morrison, TN.

Investment

  • NMTC Amount: $29,000,000
  • Total Project Cost: $29,000,000

IMPACT

  • 61 FTE jobs
  • McNeilus plans to implement training programs that are designed to onboard new employees who may only hold a high-school diploma or GED and provide the skills to operate the complex equipment and machinery necessary to operate the facility.
  • 225,100 sq. ft. of real estate

Project Description

McNeilus Steel Inc. is undergoing a regional facility expansion that will provide steel manufacturing and distribution services that are not currently offered by the company’s existing facility located in nearby Morristown, Tennessee.

The company is a 75-year family-owned and operated, full-line steel service center that houses more than 5,000 unique ferrous and nonferrous products that are manufactured and shipped across Minnesota, North Dakota, Wisconsin, and Tennessee. The firm sells and delivers hot roll and cold finish bar, tube, pipe, sheet, plate, flooring, grating, stainless, aluminum, rebar, and other miscellaneous ferrous and nonferrous metal products. Additionally, it offers metal fabrication services that includes shot blasting, laser and plasma cutting, bending, rolling, machining, rebar fabrication, sawing, robotic beveling, welding, painting and assembly. McNeilus’ customers are primarily in the manufacturing, construction, heavy equipment and machinery, energy, defense, truck trailer and metal fabrication industries located in the midwestern US.

As a result of the project, the company will move into a newly constructed $38.6 million, 225,100 square foot industrial facility. The project supports the equipment and working capital needed to ensue operations within the facility. The facility will incorporate a Red Bud stretcher leveling line that is required to de-coil and flatten steel received in coil form from the steel mills. Once operational, the new line will process two-thirds of the steel distributed from the facility to consumers.

MAP

Address: 845 W. Maple Street, Morrison, TN 37357

Census Tract: 47177930800

Other Tennessee Projects

Union City, (2014)