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Commercial Metals to Realign Organization
11/11/2009 - Commercial Metals Co. has announced a realignment in its segment reporting structure within its major operational units, the CMC Americas Division and the CMC International Division, effective December 1.
Commercial Metals Co. has announced an upcoming realignment in its segment reporting structure within its major operational units, the CMC Americas Division and the CMC International Division.
Effective December 1, the CMC Americas Division will operate utilizing three segments: Americas Recycling, Americas Mills, and Americas Fabrication. The two segments within the CMC International Division will be known as International Mills (comprised of all mills, recycling and fabrication operations located outside the U.S.) and International Marketing & Distribution, which will include all marketing and distribution operations located outside the Americas as well as CMC Cometals, located in Fort Lee, N.J.
Commercial Metals’ two U.S.-based trading and distribution divisions, CMC Dallas Trading in Irving, Texas, and CMC Cometals, will merge to form the U.S.-based portion of a re-established International Marketing & Distribution segment. The Impact Metals business will remain within the renamed Americas Fabrication segment. The Singapore-based business units, as well as CMC Coil Steels in Australia, will be part of the International Marketing & Distribution segment.
"The new structure, based on a global focus with a regional approach, couples the strengths of our integrated operations with the global coverage of our marketing network and enables us to leverage growth opportunities whenever and wherever presented,” said CMC Chairman, President, and CEO Murray R. McClean. “This structure will also better enable CMC to respond to market conditions and to take advantage of the global reach that a unified Marketing & Distribution structure affords us."
Headquartered in Irving, Texas, Commercial Metals Co. and subsidiaries manufacture, recycle, and market steel and metal products, related materials, and services through a network including steel mini-mills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities, and marketing and distribution offices in the United States and in strategic international markets.
