Nucor Recommendations
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Previous Engagement Last time our consulting firm found several major points of question and recommended solutions. Some of these recommendations were implemented with excellent success. The first and most arduous problem we examined was of expansion. Our recommendations for expansion were put into effect with several projects in various stages. In the past several months, the company has announced plans to build a structural mill next to its flat-rolled plant in Berkeley County, South Carolina; a mill for pickling and oiling, cold rolling and galvanizing hot-rolled coils in Hickman, Arkansas, and plate mill in Hertford County, North Carolina. The second task we dealt with was whether or not Nucor should add another layer of management. Our second recommendation toward adding another layer of management was also implemented. Nucor Corp. promoted two plant managers to newly created position of executive vice president. The addition of a layer of management is a response to the Nucor's significant growth over the past several years and signals that it might be interested in acquiring other businesses...