Teammates And Local Community Are the Keys to Nucor's Success What company gives its employees the freedom to try Voluntary Protection out new ideas, eschews hierarchy in order to empower Program representing them to solve problems, and ties their pay directly to their productivity? Would you be surprised to learn i is excellence in safety. not a tech company, but a steel company? NOTHING IS MORE IMPORTANT. Nucor Corporation is the largest steel producer in innovative culture is part the U.S. and largest recycler in North America, recycling of our history. Teammates over 21.1 million tons of scrap steel last year Our teammates shipped 24.7 million tons of steel in 2017, and problems and find ways to our company's $20.3 billion in revenue last year ranksit be more productive, and the 151" on the Fortune 500 list of largest companies in in turn, are rewarded for the United States. are challenged to solve it. Compensation is tied to productivity through Nucor traces its origins to auto manufacturer Ransom E. Olds, the founder of Oldsmobile. Over time, the company Olds founded would change hands and focus, then evolve to become Nucor. A major milestone in our journey was the 1962 acquisition of Vulcraft Corporation, a manufacturer of steel and joist girders, and the to president. This acquisition, combined with Iversons unique style of leadership, would provide the spark for the company's remarkable growth and a revolution in American steelmaking. performance bonuses that can potentially doublea teammates take-home pay. This appointment of Ken Iverson we have never laid off employees at our steel mills. Nucor is truly a place where career possibilities are unlimited For us it's not just about giving back, it's about diving Borrowing an idea that was just beginning to gain The real key to Nucor's success is our people-thein and making a true impact. From schools, parks, and right people. We hire the best and the brightest then give popularity in Europe, Nucor took a risk and built an electric arc furnace mill, which makes steel from scrap them the freedom to spot problems and solve them on metal. Since these mills were much smaller and less expensive to build than traditional iron ore mills, they excel here because they are allowed to fail." Managers a were known as mini-mills. Nucor opened the first min al levels encourage their teams to try out their new ideas. hours and $9 million to the communities that support us mill in the US. in Darlington, South Carolina, in 1969. Sometimes the ideas work out; sometimes they dont. Today, mini-mills account for 60 percent of steelmaking But this freedom to try helps give Nucor one of the most question their effectiveness. A company that until 1962 in the U.S. In 1986, Nucor entered the steel fastener market with a new production facility in St. Joe, Indiana followed by the beginning of Nucor Building Systems in 1987 with its first plant in Waterloo, which has since thee teammates make up the heart of the local expanded to three more locations, strategically located communities each of our divisions are proud to call across the United States. charitable organizations to disaster relief efforts, investing he community is an important part of what we do During 2013, Nucor and our teammates were grateful for their own. In the words of a Nucor executive: "Teammates e opportunity to provide more than 62,000 volunteer Our principles might be simple, but no one can creative, get-it-done work forces in the world. hadn't made a single ton of steel is now one of the world's At the heart of every Nucor facility are the dedicated people who make up our team. Even more importantly. largest steelmakers, and one of the nations most admired and imitated companies. In an industry where turning a profit is notoriously difficult, Nucor consistently grows earnings. Nucors principles, activated by a team of highly home. At Nucor, we believe the strength of a business skilled, dedicated teammates, have helped us achieve the ndustry's highest profits and stock market value. All of things combined have helped make Nucor one of Nucor continues to build on its innovative history i a reflection of its community, and a core part of ou through acquisition and investments. Since 2000, our company has grown from 7,900 employees at 18 facilities o over 25,100 employees at over 200 facilities. Rev company's mission is to be cultural and environmental e stewards in the communities where we live and work er that same time period has increased from $4.6 billion to $20 billion. Even with our tremendous growth, Nucor maintains one of the leanest management of any Fortune 500 company NUCOR Community. Nucor has a strong presence in this community, too, with four divisions located right here in DeKalb County In total, there are over 1,100 Nucor teammates split between Nucor Building Systems in Waterloo, Harris Rebar in Auburn, as well as Vulcraft and Nucor Fastener, both located in St. Joe, Indiana. ro NUCOR At Nucor, our success begins and ends with safety and our attitude on the subiect couldn't be clearer: r every teammate. Each division has NUCOR dedicated safety teams continuously working to evaluate and improve standards and performance. Many divisions including Nucor Building Systems Indiana, Vulcraft Indiana and Nucor Fastener are recognized by OSHAs