Commercial Metals Company
 | |
| Public company | |
| Traded as | NYSE: CMC |
| Industry | Metals |
| Founded | 1915 |
| Headquarters | Irving, Texas, United States |
Key people | Joseph Alvarado, President & Chairman of the Board & CEO[1] |
| Products | Steel |
Production output | 3.9 million tons of steel (2015)[1] |
| Revenue |
 US$5.988 billion (FY 2015)[1] |
 US$304 million (FY 2015)[1] | |
|
US$141 million (FY 2015)[1] | |
| Total assets |
US$3.372 billion (FY 2015)[1] |
| Total equity |
US$1.319 billion (FY 2015)[1] |
Number of employees | 9,126 (August 31, 2015)[1] |
| Website | www.cmc.com |
Commercial Metals Company is a steel and metal manufacturer based in based in Irving, Texas.
History
The company was founded in 1915 by Jacob Feldman as a scrap trading company.[2]
In 1994, the company acquired Owen Steel Company in an $87 million transaction.[3]
In 2002, the company sold the heavy structural fabrication assets of SMI-Owen Steel, resulting in $20 million of proceeds.[4]
In 2011, Carl Icahn offered to buy the company for $15 per share.[5]
Current operations
The company owns steel minimills in Texas, Alabama, Arizona , South Carolina, Arkansas, and Poland and 60 recycling facilities around the world.[6]
In its fiscal year 2015, the company shipped 2.7 million tons of steel from its American mills and 1.2 million tons of steel from its mill in Poland.[1]
See also
References
- 1 2 3 4 5 6 7 8 9 Commercial Metals Company Form 10-K Annual Report for the Fiscal Year Ended August 31, 2015
- ↑ CMC: History
- ↑ "Commercial Metals to Acquire Owen Steel". New York Times. September 28, 1994.
- ↑ "Commercial Metals Company Completes Sale of Heavy Structural Fabrication Assets of SMI-Owen Steel Company, Inc. Subsidiary". PRNewswire. March 28, 2002.
- ↑ "Icahn Offers to Buy Metals Company". New York Times. November 28, 2011.
- ↑ CMC: Overview
External links
- Commercial Metals website
- Commercial Metals Company Form 10-K Annual Report for the Fiscal Year Ended August 31, 2015
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