CMC mulling relocation of San Antonio shredder

Jun 27, 2014 | 04:39 PM | Lisa Gordon

Tags  auto shredder, metals recycler, Commercial Metals, CMC, Newell Recycling of San Antonio, scrap, Joseph Alvarado, earnings results Lisa Gordon

PITTSBURGH — Commercial Metals Co. (CMC) could be seeking a new home for its recently bought Texas auto shredder.

CMC’s wholly owned Structural Metals Inc. subsidiary recently purchased the assets of San Antonio-based Newell Recycling of San Antonio LP (amm.com, May 30).

The shredder purchase supports CMC’s vertical integration supply model by protecting its supply and strengthens its San Antonio footprint, chairman, president and chief executive officer Joseph Alvarado said during its fiscal third-quarter earnings call.....





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