Commercial Metals Co. (CMC) will begin replacing an
electric-arc furnace (EF) at its Polish rebar and wire rod
subsidiary CMC Zawiercie SA (CMCZ) in March, the company said
CMCZ, one of
Polands largest manufacturers of rebar and wire rod, has
two furnaces and will operate with one furnace during the
CMC has already begun
to compile inventory for the rebuild, which is expected to be
completed in April and cost about $20 million.
The furnace rebuild
will be the "biggest single project this year" for CMC,
according to chairman, president and chief executive officer
Joseph Alvarado, and will improve efficiencies and the overall
cost performance of the melt shop in Poland.
CMC bought a majority
stake in CMCZ in 2003 and increased its holding to 99 percent
manufacturer has the capacity to produce 1.9 million tonnes of
steel per year, according to the company.
Texas-based steelmaker earlier this week reported lower fiscal
first-quarter earnings due in part to a weaker performance by
its Americas Fabrication division (
amm.com, Jan. 7).
A version of this
article was first published in AMM sister publication Steel