ALJ Reports 1st Quarter Results for Kentucky Electric
01/17/2008 - ALJ, the parent of Kentucky Electric Steel, posts revenue of $37.4 million for the three months ended December 31, 2007.
ALJ, the parent of Kentucky Electric Steel, posted revenue of $37.4 million for the three months ended December 31, 2007.
The $37.4 million revenue compares to revenue of $35.4 million for the three months ended December 31, 2006.
ALJ is the parent company of KES Acquisition Co. doing business as Kentucky Electric Steel, the owner and operator of a steel mini-mill near Ashland, Ky.
The Kentucky Electric Steel minimill produces steel bar flats as both merchant bar quality flats (MBQ Bar Flats) and special bar quality flats (SBQ Bar Flats). Its more-than-2600 different Bar Flat items are sold to the leaf-spring suspension market for light and heavy-duty trucks, mini-vans and utility vehicles, cold drawn bar converters, certain specialty applications for steel service centers, truck trailer manufacturers and other miscellaneous markets. Kentucky Electric’s operations are tailored for the manufacture of wider and thicker bar flats (up to three inches in thickness and twelve inches in width) that are required by these markets.
Kentucky Electric filed for protection under Chapter 11 in early 2003, and its assets were acquired by KES Acquisition later that same year. KES refurbished and later restarted the Kentucky Electric operations (2004), which have been operating since that time.
