Commercial Metals Company Announces Upcoming Organizational Realignment
2009年11月10日 - 10:44AM
PRニュース・ワイアー (英語)
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.
DATASOURCE: Commercial Metals Company CONTACT: Debbie Okle,
Director, Public Relations of Commercial Metals Company
+1-214-689-4354 Web Site: http://www.cmc.com/
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