IRVING, Texas, June 5 /PRNewswire-FirstCall/ -- Commercial Metals
Company (NYSE: CMC), headquartered in Irving, Texas, announced today that
its subsidiary, CMC Poland, has completed the acquisition of substantially
all the outstanding shares of PHP Nike S.A. located in Dabrowa Gornicza,
Poland.
Established in 1997, PHP Nike S.A. is a leading producer of welded
steel meshes, cold rolled wire rod and cold rolled rebar in Poland with
annual production capacity of 90,000 metric tons. It will operate under our
CMC International Fabrication and Distribution segment.
Hanns Zoellner, Executive Vice President of CMC and President of CMC
International, said, "PHP Nike S.A. has been a major customer of wire rod
produced at our minimill in Poland (CMC Zawiercie). This acquisition allows
CMC to commence the next step of vertical integration in Poland and is a
substantial expansion of our product line in downstream operations. With
this acquisition, CMC will offer a more complete line of value-added
products to the construction industry, differentiating us in the market. In
addition, CMC Poland has purchased mesh equipment for installation at the
Polish minimill location which will bring total mesh capacity up to 160,000
metric tons per annum."
Commercial Metals Company and subsidiaries manufacture, recycle and
market steel and metal products, related materials and services through a
network including steel minimills, steel fabrication and processing plants,
construction-related product warehouses, a copper tube mill, metal
recycling facilities and marketing and distribution offices in the United
States and in strategic international markets.
SOURCE Commercial Metals Company
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Related links:
http://www.cmc.com
CONTACT:
Debbie Okle, Director, Public Relations of
Commercial Metals Company, +1-214-689-4354
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