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词条 Commercial Metals Company
释义

  1. History

  2. See also

  3. References

  4. External links

{{Infobox company
| name = Commercial Metals Company
| logo = Commercial Metals Company.svg
| type = Public company
| traded_as = {{NYSE|CMC}}
S&P 400 component
| industry = Metals
| foundation = {{Start date and age|1915}}
| hq_location = Irving, Texas
| key_people = Barbara Smith, President & Chairman & CEO
| products = Steel
| production = 3.9 million tons of steel (2018)
| revenue = {{increase}} $4.643 billion (FY 2018)
| net_income = {{increase}} $0.135 billion (FY 2018)
| assets = {{increase}} $3.328 billion (FY 2018)
| equity = {{increase}} $1.493 billion (FY 2018)
| num_employees = 8,900[1]
| num_employees_year = 2018
| footnotes = [1]
| location_country = United States
| homepage = {{url|http://www.cmc.com/}}
}}

Commercial Metals Company is a steel and metal manufacturer based in Irving, Texas.

The company owns steel minimills in Alabama, Arizona, Arkansas, California,[2] South Carolina, Texas, Florida, and Poland and associated recycling facilities.[1]

In its fiscal year 2018, the company shipped 3.013 million tons of steel from its American mills and 1.254 million tons of steel from its mill in Poland.[1]

The U.S. mills have 3.4 million tons of capacity and the Polish mill has 1.3 million tons of capacity.[1]

History

The company was founded in 1915 by Jacob Feldman as a scrap trading company.

In 1994, the company acquired Owen Steel Company in an $87 million transaction.[3]

In 2002, the company sold the heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds.[4]

In June 2011, the company acquired G.A.M. Steel Pty. Ltd, based in Melbourne, Australia.[5]

In November 2011, Carl Icahn offered to buy the company for $15 per share.[6] In December 2011, the company rejected the offer.[7] In January 2012, Icahn withdrew the offer after it didn't receive enough shareholder support.[8]

In April 2016, the company broke ground on a mill in Durant, Oklahoma.[9]

In October 2016, the company acquired the steel fabrication business of Associated Steel Workers, Limited.[10]

In August 2017, the company sold its CMC Cometals Division for $179 million.[11]

See also

  • List of steel producers

References

1. ^{{cite web | url=https://www.sec.gov/Archives/edgar/data/22444/000002244418000035/cmc-8312018x10xk.htm | title=Commercial Metals Company Form 10-K Annual Report for the Fiscal Year Ended August 31, 2018 | publisher=U.S. Securities and Exchange Commission}}
2. ^{{Cite web|url=https://www.cmc.com/en/global/locations/north-america/company/cmc%20rebar|title=Locations {{!}} Commercial Metals Company|website=www.cmc.com|access-date=2019-01-29}}
3. ^{{cite news | url=https://www.nytimes.com/1994/09/28/business/company-news-commercial-metals-to-acquire-owen-steel.html | title=Commercial Metals to Acquire Owen Steel | work=The New York Times | date=September 28, 1994}}
4. ^{{cite press release | url=http://www.prnewswire.com/news-releases/commercial-metals-company-completes-sale-of-heavy-structural-fabrication-assets-of-smi-owen-steel-company-inc-subsidiary-76663662.html | title=Commercial Metals Company Completes Sale of Heavy Structural Fabrication Assets of SMI-Owen Steel Company, Inc. Subsidiary | publisher=PR Newswire | date=March 28, 2002}}
5. ^{{cite press release | url=http://www.prnewswire.com/news-releases/commercial-metals-company-completes-acquisition-of-australian-long-products-distributor-gam-steel-pty-ltd-123124418.html | title=Commercial Metals Company Completes Acquisition of Australian Long Products Distributor G.A.M. Steel Pty. Ltd. | publisher=PR Newswire | date=June 3, 2011}}
6. ^{{cite web | url=https://dealbook.nytimes.com/2011/11/28/icahn-offers-to-buy-metal-company/ | title=Icahn Offers to Buy Metals Company | work=The New York Times | date=November 28, 2011}}
7. ^{{cite web | url=https://dealbook.nytimes.com/2011/12/05/commercial-metals-rejects-icahns-1-7-billion-bid/ | title=Commercial Metals Rejects Icahn’s Bid | first=MARK | last=SCOTT | work=The New York Times | date=December 5, 2011}}
8. ^{{cite web | url=https://dealbook.nytimes.com/2012/01/11/icahn-drops-bid-for-commercial-metals/ | title=Icahn Drops Bid for Commercial Metals | first=MICHAEL J. | last=DE LA MERCED | work=The New York Times | date=January 11, 2012}}
9. ^{{cite press release | url=https://www.prnewswire.com/news-releases/commercial-metals-company-celebrates-the-groundbreaking-of-new-micro-mill-in-durant-oklahoma-300260158.html | title=Commercial Metals Company Celebrates the Groundbreaking of New Micro Mill in Durant, Oklahoma | publisher=PR Newswire | date=April 29, 2016}}
10. ^{{cite press release | url=http://www.prnewswire.com/news-releases/commercial-metals-company-signs-definitive-asset-purchase-agreement-for-purchase-of-steel-fabrication-business-of-associated-steel-workers-limited-300351977.html | title=Commercial Metals Company Signs Definitive Asset Purchase Agreement for Purchase of Steel Fabrication Business of Associated Steel Workers, Limited | publisher=PR Newswire | date=October 26, 2016}}
11. ^{{cite press release | url=http://www.prnewswire.com/news-releases/commercial-metals-company-announces-completion-of-sale-of-cmc-cometals-division-300512617.html | title=Commercial Metals Company Announces Completion of Sale of CMC Cometals Division | publisher=PR Newswire | date=August 31, 2017}}

External links

{{Finance links
| name = Commercial Metals Company
| google = CMC
| yahoo = CMC
| bloomberg = CMC:US
| symbol = CMC
| sec_cik = CMC
}}

5 : Companies listed on the New York Stock Exchange|Manufacturing companies established in 1915|Steel companies of the United States|Companies based in Irving, Texas|1915 establishments in Texas

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