Metal Center News
Minimize
  
10-27-2010 News
Minimize

New Star Makes Capital Investment

A multi-million capital investment in U.S. Metals & Supply, a division of New Star Metals Inc., will significantly boost output and productivity while expanding the range of products available from the company’s St. Louis, Mo., plant.

“Since its founding in the spring of 2010, New Star Metals has been evaluating capital investments to accelerate growth within our family of businesses and expand our participation in the North American steel service center industry. Our investment in U.S. Metals & Supply is another step in accomplishing this growth goal,” said Patrick J. Murley, New Star Metals CEO.

The cornerstone of the expansion is the installation of a 0.135-inch by 72-inch stretcher leveler with multi-blanking capabilities and a 0.250-inch by 72-inch tension slitter. In addition, overhead crane capacity will be increased to accommodate coils up to 30 tons. This new equipment, to be fully operational by Jan. 1, will double U.S. Metals & Supply’s annual capability to 150,000 tons, Murley said.

U.S. Metals & Supply, which has been in operation since 1992, will also benefit from the implementation of the New Star Metals’ enterprise resource planning system. Completion of this ERP project will be a milestone for New Star Metals in converting all its subsidiary companies onto a single information technology platform, which will fully integrate the flow of information across the divisions and among customers.

“The new equipment will allow us to broaden our product offerings to the marketplace. The expanded products will include additional hot-rolled capabilities and will enhance our current flat-rolled product base, which includes a variety of cold-rolled and coated products. We expect to improve our productivity, expand our gauge range and provide better information to our customers. We look forward to expanding into new markets and products with our valued current and future customer base,” said Perry Bumpus, president of U.S. Metals & Supply.

New Star Metals, with headquarters in suburban Chicago, currently has about 500,000 tons of processing capacity serving customers across a variety of end markets in the Midwest. The company is composed of four divisions including Miami Valley Steel Service, Premier Resource Group, Electric Coating Technology and U.S. Metals & Supply.

  
From the Editor's Desk
Minimize
July 2015: Did Auto, Aluminum Makers Act Too Soon?
More...
 
Pause
Business Practices and Technologies
Minimize
July 2015: Dey: Base Business on Fundamentals, Not Tomorrow’s Price Forecast
More...
Summer 2014
More...
 
Pause
New Products
Minimize
Behringer Saws: HBE Series Features Automatic Adjustments
More...
Trumpf: TruLaser Increases Productivity
More...
Mazak Optonics Corp, new OPTIPLEX Fiber laser-cutting series with Zeta 9
More...
Cosen Saws: CNC-430, a fully automatic programmable band saw
More...
Pat Mooney: Danobat Band Saw Has Zone Cut Technology
More...
Red Bud Industries, Offers Heavy-Gauge Slitters
More...
 
Pause
Directories
Minimize
Metal Center News Directories: Print or Digital copies are available for $85 U.S. for each copy.
 

 
Metal Distribution Directory  
(Not Published on This Web site)
Metal Center News' Spring Metal Distribution Directory is your on-line guide to Metal Producers, Equipment Manufacturers and Software companies.  



 
Directory of Master Distributors
(Not Published on This Web site)
The Metal Center News Directory of Master Distributors—distributors who sell to other distributors—is an invaluable tool for service centers seeking new sources for special or hard-to-find products. Master distributors play an important role in the marketplace, giving service centers an alternative to buying in mill quantities and helping to remove redundant and excess inventories from the distribution channel.



 
Directory of Toll Processors
(Not Published on This Web site)
Metal Center News' annual toll processing directory is a simple-to-use resource to help companies locate service providers that can meet their specific processing needs.


Privacy Statement  |  Terms Of Use
Copyright by Metal Center News



Saturday, August 29, 2015