Namasco Installs a 2000 Ton Press Brake.

Business Editors

ATLANTA--(BUSINESS WIRE)--Aug. 3, 2000

Namasco Corporation's President and CEO, Barney C. O'Brien, announced the successful installation of a 2000 ton press brake at his company's New Orleans facility. The equipment, which was built by Strippit, Inc./LVD Corp., can form plate up to one inch in thickness, and forty five feet in length. In addition, the press brake has a clearance of forty one feet between its housings which allows for unrestricted bending.

The marine and fabrication industries comprise a large portion of the New Orleans metalworking community. Customers in these market segments consume significant quantities of burned, blasted, painted and formed plate within their production activities. In response to the growing demand in the Gulf region for value added plate, Namasco New Orleans has made a significant investment in processing equipment including thermal cutting units, blasting machinery, and painting lines. Now, with the addition of the new press brake, the New Orleans branch is well positioned to be a single source supplier to customers needing a full range of processing services.

Paul Crocker, Namasco's Regional Manager for the southwest, said the press brake will be equipped with a six axis powered back gauge and a sophisticated CNC control system. These features, coupled with the units built in bed deflection compensation system, will result in superior forming accuracy.

Namasco has already established a strong position within the Gulf region as a primary provider of value-added plate processing services. The new press brake will augment Namasco New Orleans' existing capability and provide the means for the branch to meet the growing demand for forming services for large dimension plate in the local market.

Namasco Corporation, headquartered in Atlanta, is a subsidiary of Kloeckner & Co., Duisburg, Germany. They operate twenty-four locations across North America, including five service centers in Canada.