NEW YORK Horsehead Holding Corp. will open a zinc oxide distribution and service center in 2014 to serve what it describes as "a growing market in the southeastern region of the United States."
Horsehead subsidiary Zochem Inc. will operate the new site from one of Horseheads existing facilities in South Carolina, North Carolina and Tennessee.
The move will "augment the companys existing U.S. warehousing and distribution network, providing additional value to its long-standing relationships with its strategic zinc oxide customers," the Pittsburgh-based company said.
"Customers will have the choice of shipping directly from Brampton, Ontario, or from a warehouse in the southeastern U.S., which will provide associated inventory management benefits," Horsehead president and chief executive officer James M. Hensler said in a statement. "This is something many customers have expressed interest in."
Horsehead doubled its net earnings at Zochem in the second quarter and recently commenced a $15-million expansion at Zochems Brampton facility, where it expects to increase production to 72,000 tons annually by the end of 2013 (amm.com, Aug. 5).