CDI Corporation Teams Up With Nucor and Tenova To Develop World's Largest
Direct Reduced Iron Facility
PHILADELPHIA, Jan. 10, 2013
PHILADELPHIA, Jan. 10, 2013 /PRNewswire/-- CDI Corp. (NYSE: CDI) today
announced that it is working with Tenova HYL Technologies to assist Nucor
Corporation in the development of Nucor's direct reduced iron-making facility
in St. James Parish, Louisiana. The $750 million plant on a 4,000-acre site
located along the Mississippi River midway between New Orleans and Baton Rouge
is the largest of its kind in the world and is expected to produce two and a
half million metric tons of direct reduced iron (DRI) annually.
Direct reduction technology utilizes natural gas to convert iron ore pellets
into high quality DRI used by Nucor's steel mills, along with recycled scrap,
to produce high quality steel products such as sheet, plate and special bar
CDI engineers are providing detailed civil, electrical, mechanical, process
and structural engineering, as well as pipe routing and modeling, and stress
analysis for the development of the facility's DRI core area. Tenova engineers
are providing electrical and mechanical equipment materials in the core area
and water plant, as well as all requirements for materials handling.
The construction of the facility is expected to be completed in mid-2013. It's
the first phase of a multi-phase plan that may include a second DRI plant,
coke plant, blast furnace, pellet plant and steel mill.
"We are delighted to be playing a key role in the design of this important
project," said Robert Giorgio, President of CDI's Global Engineering &
Technology Solutions business. "Our experienced engineers are working closely
with Nucor and Tenova to bring the project to completion on time, and we look
forward to the possibility of working with them again on additional phases of
"We are proud to be working with our construction partners to build this new
direct reduced iron plant. This project is creating more than 600
construction jobs and 150 permanent full-time jobs. It is a significant
investment in America's manufacturing sector, " said Lester Hart, General
Manager, Nucor Steel Louisiana LLC.
"We are excited to be part of what is essentially the return of DRI production
to the US," said Carlos Garza, Tenova HYL President and CEO. "The significant
decrease in natural gas prices and added availability opens the door for a new
era of clean iron making in the US, and we are proud that our Energiron
technology can play a part."
CDI Corp. (NYSE:CDI) is an integrated, market-leading engineering and
technology services firm providing differentiated, client-focused solutions in
select global industries. CDI provides Global Engineering & Technology
Solutions and Professional Services Staffing through its global business
operations in the Americas, EMEA and APAC. The Company also provides staffing
services through its franchised Management Recruiters International, Inc.
(MRI) operating unit. Learn more at www.cdicorp.com
Tenova is a worldwide supplier of advanced technologies, products and
engineering services for the iron & steel and mining industries, providing
innovative, integrated solutions for complete process areas. Tenova's network
companies operate in 26 countries on five continents with more than 4,600
people. Learn more at www.tenovagroup.com and www.energiron.com
Nucor and affiliates are manufacturers of steel and steel products, with
operating facilities primarily in the U.S. and Canada.Products produced
include: carbon and alloy steel -- in bars, beams, sheet and plate; steel
joists and joist girders; steel deck; fabricated concrete reinforcing steel;
cold finished steel; steel fasteners; metal building systems; steel grating
and expanded metal; and wire and wire mesh. Nucor, through The David J. Joseph
Company, also brokers ferrous and nonferrous metals, pig iron and HBI/DRI;
supplies ferro-alloys; and processes ferrous and non-ferrous scrap. Nucor is
North America's largest recycler. Learn more at www.nucor.com
SOURCE CDI Corp.
Contact: Vincent Webb, Vice President, Investor Relations, +1-215-636-1240,
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