Schnitzer continues to grow auto parts unit

Apr 04, 2013 | 12:41 PM | Anne Riley

Tags  Schnitzer Steel Industries, Tamara Lundgren, scrap, shredder, Canada business, auto parts, Anne Riley

NEW YORK — Schnitzer Steel Industries Inc. is continuing to grow its auto parts business through acquisitions and greenfield developments as it targets expansion of its scrap supply chain, president and chief executive officer Tamara Lundgren told analysts during an April 3 conference call.

Schnitzer invested in 10 new auto parts sites during its fiscal second quarter ended Feb. 28 and now has a total of 59 operational facilities, with western Canada a key growth area, the Portland, Ore.-based steel and scrap company said.....

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