Jul 26 2007
Commercial Metals Company, headquartered in Irving, Texas, announced today that CMC Zawiercie S.A. (CMCZ), CMC's steel minimill located in Zawiercie, Poland, will install a new rolling mill at an estimated cost of $170 million. The new mill, designed to allow efficient and flexible production of an increased medium section product range, will complement the facility's existing rolling mill dedicated primarily to rebar production. The mill will have a rolling capacity of approximately 650,000 metric tons of rebar, merchant bar and wire rod. The new mill, expected to be commissioned during the summer of 2009, is in addition to CMCZ's second existing rolling mill dedicated to wire rod production and the previously announced wire rod block currently under installation.
CMC Chief Executive Officer Murray McClean said, "This is a major strategic expansion to capture the full advantage of the significant and underutilized melting capacity of CMCZ's two existing electric arc furnaces. The new mill will expand production volume and extend the product range and size of our long products."
CMC Executive Vice President Hanns Zoellner added, "Apart from additional rebar capacity to supply the growing demand for reinforcing steel in Poland, the merchant bar will expand CMCZ's current product offerings to include larger sizes of rounds, squares, angles and flats. New products such as channels, unequal angles and tees can also be produced. The mill addition will also be capable of providing product to the new wire rod block presently being installed at CMCZ which is on schedule to be operational by summer 2008. The combination of these projects will provide wire rod of higher quality with availability in bigger coils for CMCZ's customers."