Kloeckner Metals Announces New Light Gauge Flat Rolled Processing Facility

ROSWELL, Ga., June 14, 2012 /PRNewswire/ -- Kloeckner Metals, one of the leading metal distributors in North America, announced today that it will build a light gauge flat rolled processing center on a greenfield site in the Southeast.  The facility will be located on-campus with ThyssenKrupp's' state-of-the-art carbon flat rolled mill in Calvert, AL.  It is located in the extreme northeast corner of Mobile County near the Tombigbee River, along U.S. Route 43.

The 100,000 square-foot service center will initially offer slitting and will eventually expand its processes to include cut-to-length, blanking and multi-blanking. Along with construction, Kloeckner will focus on developing a first-rate workforce to operate the facility, which will require approximately 40 people. 

"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 newly constructed processing center can be expanded to over 400,000 square feet, if required.  It will be 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.

"This expansion in flat rolled processing capabilities represents a continuation of Kloeckner Metals' commitment to our customers in the region, as well as our overall strategy to meet the growing demand for processed flat rolled products in the Southeast," said Bill Partalis , Chief Executive Officer of Kloeckner Metals.  "It is our intention to be fully operational by the third quarter of 2013."

About Kloeckner Metals
Kloeckner Metals is the North American subsidiary of Klockner & Co SE.  Klockner & Co acquired Macsteel Service Centers USA in 2011 and has merged it with Namasco Corporation to create one of the largest metal distribution companies in North America.  The core business of Kloeckner Metals is the warehousing and distribution of steel and nonferrous metals. Thousands of customers are supplied from 57 distribution locations by about 2,600 employees. The Company had sales of around 3.0 billion in the fiscal year 2011.

About Klockner & Co SE
The shares of Klockner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierborse) with further post-admission obligations (Prime Standard). Klockner & Co shares are listed in the MDAX®-Index of Deutsche Borse.

www.kloecknermetals.com

SOURCE Kloeckner Metals

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