August 22, 2008

AK Steel cuts ceremonial ribbon at new HQ

It is reported that 9 board members and senior executives from AK Steel simultaneously cut a ceremonial ribbon on Thursday to open the it's new corporate office in West Chester, although the 300 employees had moved from the former headquarters in Middletown have been in place since August.

Mr Alan McCoy VP of government and public relations said that the dedication was scheduled to coincide with a board of directors meeting. He said that the new building is a quantum leap forward from the 90 year old facility it replaces. He said "There comes a time when technology jumps in front of the ability to update the building.”

AK Steel is leasing the 136,000 square-foot building from Duke Realty with a 12 year term that has two five year renewal options and an option to buy as of April 2009 according to U.S. Securities and Exchange Commission documents.