Commercial Metals Co.
Commercial Metals Company (CMC) is a global, low-cost metals recycling, manufacturing, fabricating, and trading enterprise. Originating in 1915 with a single recycling location, it has progressively moved into higher value downstream segments of the steel value chain and is now a vertically integrated company. With corporate headquarters in Irving, Texas, today it operates in four primary business segments at over 200 locations and in more than 20 countries.
Latest News
Eaton Recognizes CMC Group for Supplier Excellence
17 April 2008 - Eaton Corp. honors CMC’s National Accounts Group as one of its ‘best suppliers’ for its scrap metal management program.
CMC Reports 2nd Quarter Results
26 March 2008 - Commercial Metals reports net earnings of $39.8 million on net sales of $2.3 billion for the quarter, and net earnings of $108.9 million on net sales of $4.4 billion for the six months ended February 29, 2008.
CMC Reports Solid First Quarter
27 December 2007 - Commercial Metals reports net earnings of $69.2 million on net sales of $2.1 billion for the quarter ended November 30, 2007.
CMC Commissions CCR Cut-to-Weight System
13 November 2007 - CMC commissions a billet weighing and cut-to-weight system installed by CCR Technologies on the continuous caster at its South Carolina facility.
CMC Board Authorizes Purchase of Five Million Shares
06 November 2007 - Commercial Metals Co.’s board of directors authorizes purchase of up to 5,000,000 additional shares of the company’s common stock.
CMC Reports Second-Best Quarterly Results
31 October 2007 - Commercial Metals reports net earnings of $104.7 million on net sales of $2.3 billion for the fourth quarter, and net earnings of $355.4 million on net sales of $8.3 billion for the year ended August 31, 2007.
CMC Steel Boosts EAF Operator Safety with Automated Motank Equipment
03 October 2007 - CMC Steel South Carolina reduces the need for a man-driven forklift at the EAF with the addition of Moré’s Motank machine, a dedicated remote-controlled truck equipped with a horizontal ram.
Commercial Metals Closes Acquisition of Croatian Mill
20 September 2007 - Commercial Metals’ Swiss subsidiary completes its acquisition of the outstanding shares of Valjaonica Cijevi Sisak from the Croatian Privatization Fund and Croatian government.
Commercial Metals Acquires Economy Steel
20 September 2007 - Commercial Metals completes its acquisition of substantially all the operating assets of Economy Steel of Las Vegas.
CMC Chairman Announces Retirement Plans
31 August 2007 - Chairman of Commercial Metals Board of Directors Stanley A. Rabin announces his intent to retire at the end of CMC's 2008 fiscal year on August 31, 2008.
CMC Subsidiary to Install Flexible Medium Section Rolling Mill
26 July 2007 - Commercial Metals’s CMCZ steel minimill in Zawiercie, Poland, will install a new flexible medium section rolling mill at an estimated cost of $170 million.
Commercial Metals to Acquire Croatian Mill
24 July 2007 - Commercial Metals signs definitive purchase agreement with the Croatian government to acquire Valjaonica Cijevi Sisak for HRK 37 million for the shares, in addition to (about U.S. $7 million), assume debt of over HRK 200 million (about U.S. $41 million), invest about U.S. $40 million in capital expenditures, and increase working capital by approximately U.S. $39 million f
CMC Issues $400,000,000 of Senior Unsecured Notes
18 July 2007 - Commercial Metals has sold $400 million principal amount of Senior Unsecured Notes due 2017.
CMC Chairman Adopts 10b5-1 Stock Trading Plan
17 July 2007 - Commercial Metals Board Chairman Stanley A. Rabin has executed a prearranged systematic personal stock trading plan pursuant to, and intended to comply with, Rule 10b5-1 under the Securities Exchange Act of 1934 and with CMC's policies with respect to insider sales.
CMC Steel Texas to Cut Mercury at Seguin Plant
27 June 2007 - CMC Steel Texas partners with the Environmental Protection Agency to reduce mercury at its Seguin, Texas, plant as part of the EPA’s National Partnership for Environmental Priorities program.
CMC Reports Record Third Quarter
21 June 2007 - Boosted by record-setting results in four of its five operating segments, Commercial Metals reports net earnings of $99.4 million on net sales of $2.3 billion for the quarter ended May 31, 2007, ranking it as the strongest third quarter ever reported by the company.
Commercial Metals Announces Organizational Realignment
23 May 2007 - Commercial Metals will realign its operational and management structure, with CMC Executive Vice Presidents Russell Rinn and Hanns Zoellner assuming expanded management responsibilities for two newly formed operational units - CMC Americas and CMC International.
CORE to Supply Consteel System for New CMC Arizona Facility
01 May 2007 - Danieli Corp. recently contracted Core Furnace Systems to design and supply a Consteel® system for a new CMC continuous steelmaking facility in Mesa, Ariz.
Croatian Government Accepts CMC’s Mill Bid
30 April 2007 - Commercial Metals announced that its second bid to acquire Valjaonica Cijevi Sisak (VCS) has been accepted by the Croatian Privatization Fund and Croatian government. The April 17, 2007 bid was submitted via Swiss subsidiary, Commercial Metals International AG.
Commercial Metals Board Elects Eleventh Director
18 April 2007 - Commercial Metals Co. announced the election of Robert L. Guido to its Board of Directors. The appointment increases CMC’s board from ten to eleven directors.
