Daniel R DiMicco Net Worth is22.7 $Million
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Company Name: Nucor Corporation
Company Logo: Image:Nucor logo.JPG
Company Type: Public company
Traded As: NUE, S&P 500
Foundation: 1940
Location: Charlotte, North Carolina, USA
Key People: Daniel R. DiMicco, Chairman, CEO, & President
Num Employees: 20,400 (2010)
Industry: Steel & Iron
Competitors: United States Steel
Revenue: net income
Homepage: [http://www.nucor.com www.nucor.com]
Nucor Corporation, a Fortune 300 company headquartered in Charlotte, North Carolina, is one of the largest steel producers in the United States, and the largest of the "mini-mill" operators (those using electric arc furnaces to melt scrap steel, as opposed to companies operating integrated steel works with blast furnaces). Nucor claims to be North America's largest recycler of any material, recycling one ton of steel every two seconds. The total annual steelmaking capacity of the company is 25 million tons.
Nucor's history consists of three distinct eras: the Reo Motor Car era, the Nuclear Corporation of America era, and the current Nucor era.
Nucor's origins are with auto manufacturer Ransom E. Olds, who founded Olds Motor Vehicle Company in 1897 (later, as Oldsmobile, to become a part of General Motors). Having left his company years before it was acquired by GM, in 1905 Olds established a new company, REO Motor Car Company, the predecessor to Nucor, in Lansing, Michigan. Though Olds' cars, including the luxurious REO Flying Cloud, were popular, they were not profitable, and the company's more successful truck business (featuring the famous REO Speed Wagon) was still not sufficiently profitable to avoid a bankruptcy filing in 1938.
As part of the bankruptcy reorganization, REO exited the car business to concentrate on trucks, and after World War II, attempted to diversify into lawn mowers. The reorganized company continued to underperform, and finally in December 1954, REO sold off its entire manufacturing operations to Bohn Aluminum and Brass Corporation (suffering a $3 million loss on the sale).
After the sale, REO was left with $16 million in cash on hand and no trading businesses. The company initiated liquidation proceedings, with the goal of selling its few remaining assets and distributing the cash to creditors and shareholders.
However, a group of dissident shareholders noticed the tax loss and successfully challenged the liquidation in a pr

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Daniel R DiMicco Latest News

North Carolina company purchases Skyline Steel

"With its considerable distribution network, excellent customer service and strong technical support, Skyline is well positioned to continue to grow in the piling and foundation products area in North America," Nucor CEO Daniel R. DiMicco said. Nucor is a ...
Posted: June 20, 2012, 4:55 pm

Nucor Chairman Emeritus Daniel R. DiMicco Inducted into North Carolina Business Hall of Fame

CHARLOTTE, N.C., Nov. 18, 2015 /PRNewswire/ -- Chairman Emeritus and former President and Chief Executive Officer of Nucor Corporation (NYSE: NUE) Daniel R. DiMicco was inducted into the North Carolina Business Hall of Fame on November 17 by the Junior ...
Posted: November 18, 2015, 2:37 am

Nucor raising the bar in Norfolk

Daniel R. DiMicco, Nucor’s chairman and chief executive officer, said the manufacturing growth in the states will allow the special bar quality markets to continue to grow over the next several years. “These investments not only enhance our steel ...
Posted: January 25, 2012, 9:00 am
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