Cargill and Robinson Steel finalize joint venture
17 October 2007
Contact: David Feider, Cargill, 952-742-6910, david_feider@cargill.com
Sharon Moore, Robinson Steel Co. Inc., 219-398-4600, smoore@robinsonsteel.com
MINNEAPOLIS and EAST CHICAGO, Ind. - Cargill, a leading global trader, processor and distributor of iron and steel, and Robinson Steel, a leading producer of sheet and plate from coil and laser-cut parts, have formed Cargill Robinson, LLC.
The venture has a capacity of 200,000 tons per year of panel-flat, cut-to-length, hot-rolled steel from a jointly owned 100,000-square-foot production facility located in Granite City, Ill. Cargill is a licensed distributor of RPS® Sheet and Plate and will have access to production from Robinson's other Granite City and East Chicago, Ind. processing lines. Terms were not disclosed.
In a joint statement, Mike Taylor, president of Cargill’s Steel Service Centers, and Paul Labriola, president and CEO of Robinson Steel, said-- “We are pleased that we can bring together two organizations to create a new, completely global supply chain. Our resources and capabilities are unique in the marketplace.”
Robinson Steel is headquartered in East Chicago. In addition to cold reduction lines, it operates seven RPS® Laser Production and Distribution centers, providing precision-cut parts to OEM’s (Original Equipment Manufacturers) and fabricators.
Locations include Pomona, Mo.; Davenport, Iowa; Arlington, Texas; Statesville, N.C.; Opelika, Ala; East Chicago; and Granite City, Ill.
In April 2007, Cargill acquired the assets of Loudon, Tenn.-based Olympic Metals, which offers stretcher-leveled, cut-to-length sheets, blanking and coil slitting capabilities. Cargill currently operates seven flat-rolled steel service centers with over 245 employees, focusing on hot-rolled band, pickled and oiled, cold-rolled and tin mill products. Locations include East Chicago, Ind.; Houston, Texas; Tulsa, Okla.; Panama City, Fla.; Loudon, Memphis and Nashville, Tenn.
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About Cargill:
Cargill is an international provider of food, agricultural and risk management products and services. With 158,000 employees in 66 countries, the company is committed to using its knowledge and experience to collaborate with customers to help them succeed. For more information, visit www.cargill.com.
About Robinson Steel:
Robinson Steel Co., Inc. is an innovative manufacturer and distributor of RPS® Laser Cut Parts and RPS® Sheet and Plate from 10 locations through out North America. For more information, visit http://www.robinsonsteel.com/.
