Namasco Opens A Structural Processing Center in Petersburg, VA.Business Editors ATLANTA--(BUSINESS WIRE)--Feb. 9, 2000 Namasco Corporation's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Barney O'Brien announced the opening of his company's branch in Petersburg, VA. The facility, which began operations in late January, is a modern structural steel processing center. The operation, located next to Charparral Steel's structural mill, will give Namasco the means to provide a full range of structural steel processing services to customers in the Mid-Atlantic and Northeast regions of the country. Mr. O'Brien said the greenfield facility's customer base will be made up of a diverse group of fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. oriented businesses. He commented that the processing center will feature production equipment including sawing, cambering, beam splitting, and thermal coping machinery as well as CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication controlled punches and drills. Mr. O'Brien also noted that the center's location will provide immediate access to the northeastern industrial corridor of the US. Additionally, it is expected that the center's proximity to the mill will reduce inbound freight expense In accounting, the concept of a freight expense account can be generalized as a payment for sending out a product to a customer. It falls under the umbrella category of Expenses and is treated like other expense accounts in relation to the accounting equation. , improve logistical coordination with Chaparral and Nucor as well as other producers, and reduce delivery lead time to customers. The Namasco President pointed out that this project is an extension of Namasco's commitment to increase the level of services offered to its customers. Namasco's quality orientation and investment in modern processing equipment is also intended to grow the value-added segment of the company's business. The Virginia project is one of four major investments by Namasco in the last year. Previously the Company announced the opening of a new service center in Becker, Minnesota Becker is a city in Sherburne County, Minnesota, between the Mississippi and Elk Rivers. The population was 2,673 at the 2000 census. Xcel Energy operates the Sherco power plant within the city. This plant is the largest coal-fired power plant in Minnesota. , the completion of a plate processing center in Pella, Iowa Pella is a city in Marion County, Iowa, United States. The population was 9,832 at the 2000 census. Pella is the home of Central College as well as several manufacturing companies, including Pella Corporation and Vermeer Manufacturing Company. , and the enlargement as well as an increase in the capabilities of its Austin, Texas branch. Namasco Corporation, headquartered in Atlanta, is a subsidiary of Klockner &Co., Duisburg, Germany. The Company operates twenty five locations across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . |
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