|By PR Newswire||
|October 9, 2013 08:01 AM EDT|
ROSWELL, Ga., Oct. 9, 2013 /PRNewswire/ -- Kloeckner Metals, one of the leading metal distributors in North America, announced on June 14, 2012, that it would build a light gauge flat rolled processing center on a greenfield site in the Southeast. Kloeckner is happy to announce that their goal to have this facility, located in Calvert, AL, fully operational by the end of the third quarter of 2013 has been met.
"The focus of this facility will be three-fold: growth of our traditional value-added flat-rolled business, entry into the value-added automotive processing business and toll-processing for the mill," said Russ Delaney, President of the Flat Rolled Group for Kloeckner Metals.
The facility is approximately 100,000 square feet and offers slitting from thicknesses of .010" to .250" for mild steel up to 50,000 psi yield strength, or .010" to .125" for advanced high strength steels used in the automotive industry up to 195,000 psi yield strength, and widths up to 72" max. It will be able to handle coils up to 80,000 lbs. Some unique features include a Five High Cluster Leveler with automatic controls, along with both top and bottom inspection stations. Crane capacity is 85,000 lbs., and steel can be loaded or unloaded via truck or rail.
This new facility can be expanded to over 400,000 square feet, if required. It is the second Kloeckner Metals location in Alabama. The company currently operates a 78,000 square foot general line service center in Bessemer, AL, part of the company's Heavy Carbon Group.
About Kloeckner Metals
Kloeckner Metals is the North American subsidiary of Klöckner & Co SE. Kloeckner Metals Corporation is the third largest metal distribution company in North America. The core business of Kloeckner Metals is the warehousing, processing and distribution of steel and nonferrous metals. Thousands of customers are supplied from 55 distribution locations by about 2,500 employees. The Company had sales of around $3.5 billion in fiscal year 2012.
About Klöckner & Co:
Klöckner & Co is the largest producer-independent distributor of steel and metal products and one of the leading steel service center companies in the European and American markets combined. The core business of Klöckner & Co is the warehousing and distribution of steel and non-ferrous metals as well as the operation of steel service centers. Based on the Group's distribution and service network, more than 160,000 customers are supplied through around 230 locations in 15 countries. Currently Klöckner & Co employs around 10,000 employees. The Group had sales of around €7.4 billion in fiscal 2012.
The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the MDAX®-Index of Deutsche Börse.
SOURCE Kloeckner Metals