Paragon Steel has broken ground on a 43,000-square-foot addition to one of its two plants in Butler, Ind., on the campus of Steel Dynamics Inc. The $8.3 million expansion will house a new high-performance Braner/Loopco slitting line that will give the service center the capability to process next-generation, high-strength steel grades.
The automated triple-turret-head slitting line, with shape correction and leveling, will be able to process 30-ton by 72-inch-wide hot-rolled and cold-rolled coils with mechanical properties up to 150,000 psi (1035 MPa). Paragon anticipates beginning operations on the new line by the end of first-quarter 2021. Staffing the new line will add 15 employees to Paragon’s workforce.
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