Commercial Metals Company Announces Upcoming Organizational Realignment
|
| Posted
:
Tue, 10 Nov 2009 01:45:23 GMT |
| Author
:
Commercial Metals Company |
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
IRVING, Texas, Nov. 9 /PRNewswire-FirstCall/ -- Commercial Metals Company (NYSE: CMC), headquartered in Irving, Texas, announced today an upcoming realignment in its segment reporting structure within its major operational units, the CMC Americas Division and the CMC International Division. Effective December 1, 2009, the CMC Americas Division will operate utilizing three segments: Americas Recycling, Americas Mills and Americas Fabrication. The two segments within the CMC International Division will be known as International Mills (comprised of all mills, recycling and fabrication operations located outside of the U.S.) and International Marketing & Distribution, which will include all marketing and distribution operations located outside the Americas as well as CMC Cometals, located in Fort Lee, New Jersey, U.S.A.
Commercial Metals Company's two U.S.-based trading and distribution divisions, CMC Dallas Trading, located in Irving, Texas, U.S.A., and CMC Cometals will merge to form the U.S.-based portion of a re-established International Marketing & Distribution segment. The Impact Metals business will remain within the renamed Americas Fabrication segment. The Singapore-based business units, as well as CMC Coil Steels, located in Australia, will be a part of the International Marketing & Distribution segment.
In announcing the realignment, CMC Chairman, President and CEO Murray R. McClean said, "The new structure, based on a global focus with a regional approach, couples the strengths of our integrated operations with the global coverage of our marketing network and enables us to leverage growth opportunities whenever and wherever presented. This structure will also better enable CMC to respond to market conditions and to take advantage of the global reach that a unified Marketing & Distribution structure affords us."
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.
Forward-Looking Statements
This news release contains forward-looking statements regarding the upcoming realignment. These forward-looking statements generally can be identified by phrases such as the company or its management "expect," "anticipates," "believe," "ought," "should," "likely," "appears," "projected," "forecast," "outlook," "will" or other words or phrases of similar impact. There is inherent risk and uncertainty in any forward-looking statements. Variances will occur and some could be materially different from management's current opinion.
SOURCE Commercial Metals Company
|
Copyright © 2008
PR Newswire. All rights reserved.
|
|
|
|
|
Related
News
Vancouver Label Flaming Angels Celebrates 10th Anniversary
VCAD instructor Miriam Melanson passes along her advice to aspiring designers/I/P
PVancouver, BC (PRWEB) November 22, 2009 -- What has become an institution in the Vancouver Goth scene, humbly began ten years ago as the vision of design school grad, Miriam Melanson. Looking to take her ...
ViSalus Sciences® Launches Initiative to Help Feed Hungry Children in Local Communities
In an Effort to Impact the Lives of Hungy Children Across the World, ViSalus Sets Goal to Donate 100,000+ Healthy Meals through the Body By Vi™ Community Challenge to Local Communities/I/P
PLos Angeles, CA (PRWEB) November 22, 2009 -- At a recent ViSalus Sciences® national co...
Kerio Appoints Industry Veteran Pavel Suk as Vice President of Engineering SAN JOSE, CA -- 11/22/09 --
Kerio Technologies, Inc., a leading provider
of Internet security and messaging solutions, today announced that Pavel
Suk has joined the company's executive management team as vice president of
Engineering. Bringing more..
Leading VAR of New and Refurbished Networking Equipment Launches Network Analysis and Troubleshooting Services
Abacus Solutions delivers Network Services designed to ease the burden off of IT departments. The company boasts a staff of in-house, experienced engineers and an extensive in-stock inventory of new and refurbished networking equipment./I/P
PMarietta, GA (PRWEB) November 22, 2009 -- Ab...
BQDRI and PROJACS INTERNATIONAL sign MOU to support the implementation of sustainability DOHA, Qatar -
BARWA and Qatari Diar Research Institute (BQDRI), that focus on studies
about new knowledge in sustainability and its application, and
Get Moving Catalog Launches DiabetesMiami.Com, A Fundraising Initiative with the American Diabetes Association of Southeast Florida. (EMAILWIRE.COM, November 22, 2009 ) Miami, Florida - As charities and non-profits struggle in difficult economic times, many are seeking new approaches to improve their fundraising efforts. In that vein, the American Diabetes Association of Southeas..
StockSource.us Reports Green Energy Stock to Explode (EMAILWIRE.COM, November 22, 2009 ) Del Mar, CA – The Environmental Protection Agency reports one of the biggest challenges facing livestock producers is managing manure and process water in a way that protects environmental quality and controls odo..
|
|
|
|
|
|
|
|
|