CMC taking outages in S. Carolina, Poland
Oct 25, 2012 | 11:35 AM
| Michael Cowden
Tags
Commercial Metals,
CMC,
Joseph Alvarado,
Barbara Smith,
earnings results,
mill outages,
South Carolina,
Poland mill
furnace rebuild
CHICAGO — Commercial Metals Co. (CMC) is currently in the midst of a major outage at its steel mill in South Carolina, with additional downtime slated at the mill next month as well as at its southern Poland facility.
The Irving, Texas-based steelmaker plans to spend about $160 million in fiscal 2013 after spending $104 million of a planned $140 million in fiscal 2012, CMC president and chief executive officer Joseph Alvarado said. A significant portion of that money will be devoted to "major initiatives" to upgrade the mills in Cayce, S.C., and Zawiercie, Poland.....
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