STEEL TECHNOLOGIES ANNOUNCES NEW BLANKING FACILITY.LOUISVILLE, Ky.--(BUSINESS WIRE)--Dec. 2, 1996--Steel Technologies Inc. (Nasdaq/NM:STTX) today announced the expansion of its Eminence, Kentucky Eminence is a city in Henry County, Kentucky, United States. The population was 2,231 at the 2000 census. Geography Eminence is located at (38.368127, -85.180449)GR1. , manufacturing facility to house a new steel blanking operation. The $5 million expansion will be completed in mid-1997, utilizing the latest technology in producing close tolerance configured blanks. Initial operations will focus on the automotive and appliance industries. The facility expansion is under construction and equipment orders have been placed. "Our entry into steel blanking offers a new dimension to processing services available and will expand our market and product offerings. The location of this facility offers competitive access to our customers in the Midwest and South. Our expansion into blanking is in line with our long-term strategy of continuing to broaden our capabilities to better serve our customers," said Bradford T. Ray, President of Steel Technologies. Steel Technologies is an intermediate steel processor with headquarters in Louisville, Kentucky  “Louisville” redirects here. For other uses, see Louisville (disambiguation). , and seven production facilities located throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Mexico. In addition, Steel Technologies is involved in two joint ventures: Mi-Tech Steel, Inc., a 50/50 joint venture with Mitsui & Co., Ltd, with locations in Murfreesboro, Tennessee, and Greensburg, Indiana; and Processing Technologies Inc., a tri-venture between Steel Technologies, Mitsui & Co., Ltd., and LTV LTV See: Loan-to-value ratio Steel, with locations in Perrysburg, Ohio, and Burns Harbor, Indiana Burns Harbor is a town in Porter County, Indiana, United States on the shores of Lake Michigan in Northwest Indiana and is part of the Chicago metropolitan area. The population was 766 at the 2000 census. . Steel Technologies processes flat-rolled steel to specified thickness, width, temper and finish requirements for the automotive, appliance, communications, electrical, machinery and office equipment industries, among others. The Company's common stock is traded on the Nasdaq National Market under the symbol STTX. CONTACT: Steel Technologies Inc., Louisville Kenneth R. Bates Bates , Katherine Lee 1859-1929. American educator and writer best known for her poem "America the Beautiful," written in 1893 and revised in 1904 and 1911. , 502/245-2110 |
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