Brazil Found in Violation of Import Agreement
Washington, DC - The Department of Commerce (DOC) made its final determination of the antidumping investigation of certain hot-rolled flat-rolled carbon quality steel products (hot-rolled steel) from Brazil. Pursuant to the DOC's regulations, the DOC considered whether sales were made above the reference price specified, and whether 85 percent of the dumping margin from the investigation for each entry in its analysis of the sales made by Companhia Siderurgica Nacional, Usinas Side- rurgicas de Minas Gerais, and Cormpanhia Siderurgica Paulista were eliminated.
The DOC found that those producers of hot-rolled steel violated the terms of the agreement. The agreement will be terminated, liquidation of entries of hot-rolled steel from Brazil suspended, and an antidumping duty order instructing the U.S. Customs Service to collect antidumping duties ranging from 41.27 to 43.40 percent published.
Recycling of Refinery Example of Sustainability
Houston, TX - Sustainable development is the motivating force driving the decommissioning policy at Norway's Sola refinery where 99 percent of the plant and materials are being recycled into effective uses.
Over 30,000 tons of steel and 60,000 tons of concrete are being re-used and valuable pieces of plant equipment have been sold. As an example, a group of farmers are using fans from the refinery as heat extractors to dry manure for fertilizers.
Much further from home, liquefied petroleum gas storage tanks have been sold to Refineria Dominicana de Petro- leo in the Dominican Republic to help with the country's power problems and a total isomerization plant, used to produce unleaded fuel, has been sold to the Belgian Refinery Corporation for use in their refinery.
Sola, which processed low sulphur crude oil from the North Sea, was de-commissioned as part of the European refinery rationalization strategy. The final objective of this recycling project is to ensure that the soil on which the refinery stood is clear of equipment, debris, and pollutants, leaving it ready for new development or natural regeneration.
New Tire Retread Plant to Open in Indiana
Houston, TX - Southern Indiana Tire, Princeton, Indiana, began construction in December, 2001 on a new $15 million, 15,000-square-foot tire retread manufacturing plant in Princeton, Indiana. The company plans to relocate from Owensboro, Kentucky to the new Princeton, Indiana plant by March.
Once completed this spring, the plant will produce 132 retread tires per day and is expected to create 15 new jobs. Southern Indiana Tire began operations in 1971 and has dealers at 20 locations in four midwest states.
Abitibi to Open Deinking Plant
Houston, TX - This summer, Abitibi-Consolidated, Montreal, Quebec, Canada, will complete the construction of a $50 million deinking plant at a mill in Thorold, Ontario. A new 1,709 tons-a- day fiber flow drum pulper will replace three batch pulpers whose combined capacity is 900 tons a day. The 400,000-ton-a-year mill, will become the largest newsprint mill in Canada to produce paper from 100% recycled fiber.
Hydro Aluminum to Spend Over $100 Million on Facilities
Houston, TX - Despite a somewhat depressed secondary aluminum market, Hydro Aluminum Metal Products North America, Louisville, Kentucky, a subsidiary of Norsk Hydro ASA will spend over $100 million on new facilities over a five year period. As part of a continuing strategy to expand its international network of secondary aluminum smelters, including five in Europe, Hydro Aluminum has started construction of its second North American secondary aluminum smelter to be located in Commerce, Texas. The $37 million plant is scheduled to start operations late this year. The plant will produce 90,000 metric tons a year of aluminum billet from recycled scrap.
Waste Management Supplies Southeastern Container with Recycled Plastic
Houston, TX - Waste Management, Inc. announced that its wholly owned subsidiary, Recycle America, will supply Southeastern Container, Inc., a manufacturing cooperative owned by a group of Coca-Cola bottling franchises, with PET flake produced from PET containers. PET is the plastic resin used in manufacturing soft drink containers.
The agreement calls for Recycle America to supply PET flake that will be used to manufacture soft drink containers. Recycle America's facility is based in Raleigh, North Carolina.
"We look forward to working with Southeastern Container to help support the use of recycled materials," said A. Maurice Myers, Chairman and CEO of Waste Management, Inc. "Our Raleigh facility draws material from some of the top residential curbside recycling programs in the Southern and Eastern United States, and we are pleased to have the opportunity to provide a quality product to the Coca-Cola bottling system."
Commercial Metals to Sell SMI-Owens Steel
Dallas, TX - Commercial Metals Company, headquartered in Dallas, Texas, signed a definitive agreement with a subsidiary of ADF Group, Inc. for the sale of substantially all assets of SMI-Owen Steel Company's heavy structural steel fabrication and installation operation located on South Beltline Boulevard in Columbia, South Carolina. The closing is contingent on the satisfaction by the parties of certain conditions. The South Carolina Steel and SMI Rebar South Carolina divisions of SMI-Owen Steel Company, Inc. are not part of the transaction and will continue normal operations.
Binh Huynh, executive vice president of the CMC Steel Group, said, "Commercial Metals has diversified its downstream operations in rebar fabrication, small to medium structural fabrication, concrete-related products, joists and other specialty areas. Heavy structural fabrication and installation on the scale of projects undertaken by this division of SMI-Owen Steel Company are not considered core to our growth strategy. The capital released by this pending sale will be used to implement that growth strategy and generate greater returns for our shareholders."
Terex Buys Weyhausen and The Schaeff Group
Westport, CT - Terex Corporation announced that it has completed the previously announced acquisitions of Atlas Weyhausen and The Schaeff Group. Atlas Weyhausen is a leading German manufacturer of wheeled excavators and truck mounted articulated cranes and The Schaeff Group is a leading German manufacturer of compact construction equipment, including mini and midi excavators, compact wheel loaders, and a full range of scrap material handlers.
Nucor Purchases TRICO
Charlotte, NC - Nucor Corporation's announced the purchase of substantially all of the assets of TRICO Steel Company, LLC, which has been approved by the Delaware Bankruptcy Court. Closing of the transaction should occur in the third quarter of 2002, after satisfactory resolution of various regulatory and tax matters.
"Timing for the closing is dependent primarily upon the resolution of matters related to the air permit. During this delay, we will undertake the engineering work required to correct and improve the operating equipment," said Dan DiMicco, Nucor's vice chairman, president and chief executive officer. "Start-up will commence after we have completed the improvements to the facility."
The TRICO sheet steel mill facility, which originally began operations in 1997, is located in Decatur, Alabama and has an annual capacity of approximately 1.9 million tons.
Kaiser Receives Approval to Use Bankruptcy Financing
Houston, TX - Kaiser Aluminum Corporation has received interim approval from the bankruptcy court to use up to $100 million of its $300 million in debtor-in-possession (DIP) financing, together with existing invested cash, to continue operations, pay employees and purchase goods and services going forward during its voluntary Chapter 11 case. At a hearing, the company received court approval to, among other things, pay pre-petition and post-petition wages, salaries and benefits to its employees, and to honor obligations to its customers.
Pro Auto Recyclers Adds Canadian Facilities
Williamstown, NJ - PRO Auto Recyclers is pleased to announce the addition of three affiliate facilities located in Ontario, Canada. With this addition, there are now seven recyclers operating under the PRO name in Canada alongside six U.S. facilities. The latest additions to the PRO family include the following facilities: Clarington RPM (PRO) Recyclers, Courtice, Ontario; Locke's Auto Part,, Orillia, Ontario; Kings (PRO) Auto Wreckers Peterborough, Ontario.
Algoma Names Chairman, Vice Chairman
Sault Ste Marie, Ontario, Canada - Algoma Steel Inc. announced Robert J. Milbourne was elected as chairman of the board and David Baird was elected as vice chairman.
Mr. Milbourne is the principal at Milbourne Company, based in Vancouver, and was formerly the chief operating officer and a director of Stelco Inc. Mr. Baird is a Senior Counsel at the Toronto office of Torys LLP, with expertise in the restructuring of public companies.
Wareham Retires from AK Steel
Middleton, OH - AK Steel announced that James L. Wareham, president of AK Steel since 1997, will retire March 1, 2002 after serving the industry for 41 years. AK Steel said Richard M. Wardrop, Jr., chairman and chief executive officer, will assume the additional role upon Mr. Wareham's departure.
Mr. Wareham's steel career began in 1961 when he joined the Gary, Indiana, Gary Works of U.S. Steel Corporation. He subsequently served in a variety of positions at U.S. Steel plants before being named vice president, engineering in 1984.
In 1986 Mr. Wareham was named president and chief executive officer of Bliss-Salem, Inc., a steel industry equipment manufacturer based in Salem, Ohio. He joined Wheeling-Pittsburgh Steel Corporation in 1989 as president and chief operating officer. In 1992 he was named chairman, president and chief executive officer, as well as president of WHX Corporation, the parent company of Wheeling-Pittsburgh Steel Corporation.
Coburn Named Deputy Director Empire Zone Program
After 18 years, Randy Coburn, former chairman and vice-chairman of Northeast Recycling Council (NERC), has moved out of his work in the environmental field and accepted a new economic development position as Deputy Director with Empire State Development's Empire Zones Program. Mr. Coburn has been employed in the environmental field since 1984 when he began working in the New York State Legislature as a graduate student.
In 1989, Mr. Coburn began working with the country's first recycling market development program established in 1988 within New York's Department of Economic Development (now dba Empire State Development.) While with NERC, he was instrumental in negotiating a region-wide buy recycled policy with newspaper publishers to replace the state-by-state policies, facilitating a consensus among a diverse group of stakeholders in developing an electronics recycling policy, initiating and helping to manage several NERC pilot projects that set the stage for national efforts in the areas of recycling data collection and the economic impacts of recycling.
He also has been appointed to serve on the EPA National Advisory Council for Environmental Policy & Technology (NACEPT).
Reprinted with permission from the NERC E-mail Newsletter, February edition.