EANS-News: Klöckner & Co is building a steel service center on the site of the
ThyssenKrupp flat steel plant in Alabama, USA
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Plant Openings
Duisburg (euro adhoc) - - Expansion of product portfolio in the United
States to include automotive grades with premium service
- Total investment of some EUR15 million
- Planned annual processing capacity of 100,000 tons
- Launch of operations planned for the fall of 2013
Duisburg, June 18, 2012 - The US subsidiary of Klöckner & Co SE is building a
steel service center on the plant site of ThyssenKrupp Steel USA in Calvert,
Alabama, USA. This marks another step in implementing Klöckner & Co's strategy
to expand its service center business following the takeover of Macsteel. At the
same time, it completes the Company's product portfolio with automotive grades
for premium manufacturers. The center is initially targeting in particular
European carmakers operating plants in the United States who in Europe already
rely on the services of Becker Stahl-Service, a company acquired by Klöckner &
Co in 2010.
Following the startup phase, the some 9,000-square-meter service center will
provide an annual processing capacity of 100,000 tons while offering further
expansion options. In its first phase of expansion, the plant requires an
investment of roughly EUR15 million and is expected to launch operations in the
fall of 2013.
Gisbert Rühl, Chairman of the Management Board of Klöckner & Co SE:
"By setting up a steel service center in Alabama, we are implementing our
expansion into the automotive supplier business also in the United States.
Thanks to the service center's close proximity to the state-of-the-art
ThyssenKrupp steel plant in Alabama, we also expect additional growth potential
among American carmakers above and beyond supplying European premium
manufacturers."
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 170,000 customers are supplied through around 290
locations in more than 20 countries. Currently Klöckner & Co employs around
11,200 employees. The Group had sales of around EUR7.1 billion in fiscal 2011.
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.
ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
Further inquiry note:
Dr. Thilo Theilen
Leiter Investor Relations & Corporate Communications
Telefon: +49 (0)203 307 2050
E-Mail: thilo.theilen@kloeckner.de
end of announcement euro adhoc
--------------------------------------------------------------------------------
company: Klöckner & Co SE
Am Silberpalais 1
D-47057 Duisburg
phone: +49(0)203-307-0
FAX: +49(0)203-307-5000
mail: info@kloeckner.de
WWW: http://www.kloeckner.de
sector: Metal Goods & Engineering
ISIN: DE000KC01000
indexes: CDAX, Classic All Share, Prime All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English