September 08, 2008

Republic to invest in precision sizing mill in New York

Republic Engineered Products, North America's largest producer of special bar quality steel, announced that it will invest approximately USD 20 million in a precision sizing mill and related equipment for its Lackawanna steel rolling facility located at Blasdell in New York.

The company has signed an agreement with the Friedrich Kocks company of Germany for the supply of a 370++ RSB/5 precision sizing mill.

The state of the art equipment will enable Republic to produce round and hex shaped bars and coils with even closer tolerances for the near net forging and cold-forming industries. Republic provides steel for domestic and international automotive, capital equipment, forging and fastener industries and the project is scheduled to be completed during the fourth quarter of 2009.

Mr Jaime Vigil president & CEO of Republic Engineered said that "We're pleased to make this investment in our Lackawanna facility. This plant thanks to the skilled workforce there has been an excellent performer for several decades. The new equipment will be an important component in ensuring that Republic maintains its position as North America's leading producer of special bar quality steel."

Republic Engineered Products, Inc is North America's leading supplier of special bar quality steel, a highly engineered product used in axles, drive trains, suspensions and other critical components of automobiles, off-highway vehicles and industrial equipment.