Commercial Metals Company

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Commercial Metals Company
Public company
Traded as NYSECMC
S&P 400 Component
Industry Metals
Founded 1915
Headquarters Irving, Texas, United States
Key people
Joseph Alvarado, President & Chairman of the Board & CEO[1]
Products Steel
Production output
3.9 million tons of steel (2016)[1]
Revenue Decrease US$4.610 billion (FY 2016)[1]
Decrease US$72.543 million (FY 2016)[1]
Decrease US$54.762 million (FY 2016)[1]
Total assets Decrease US$3.130 billion (FY 2016)[1]
Total equity Decrease US$1.367 billion (FY 2016)[1]
Number of employees
8,388 (August 31, 2016)[1]
Website www.cmc.com

Commercial Metals Company is a steel and metal manufacturer based in based in Irving, Texas.

Current operations[edit]

The company owns steel minimills in Alabama, Arizona, Arkansas, South Carolina, Texas, and Poland and recycling facilities around the world.[1]

In its fiscal year 2016, the company shipped 2.630 million tons of steel from its American mills and 1.254 million tons of steel from its mill in Poland.[1]

The U.S. mills have 2.8 million tons of capacity and the Polish mill has 1.3 million tons of capacity.[1][2]

History[edit]

The company was founded in 1915 by Jacob Feldman as a scrap trading company.[3]

In 1994, the company acquired Owen Steel Company in an $87 million transaction.[4]

In 2002, the company sold the heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds.[5]

In 2011, Carl Icahn offered to buy the company for $15 per share.[6]

See also[edit]

References[edit]

External links[edit]