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Kentucky Electric Steel
Latest News
Steel Dynamics Takes the Keys to Closed Bar Mill, Eyes November Restart
18 September 2018 - Steel Dynamics Inc. has finalized its acquisition of shuttered Kentucky Electric Steel for US$5 million and plans to reopen the facility in November.
Kentucky Mini-Mill to Close Permanently
11 January 2018 - A Kentucky mini-mill intends to shut down permanently by the end of winter, putting 113 people out of work.
Kentucky Electric Steel Completes US$6 Million Rolling Mill Enhancement
07 October 2013 - KES Acquisition Company d/b/a Kentucky Electric Steel (KES), a value-added manufacturer of special bar quality (SBQ) and merchant bar quality (MBQ) steel bar products and wholly-owned subsidiary of Optima Specialty Steel, Inc. (OSS), announced that is has completed its previously announced US$6 million project to significantly enhance its rolling mill capabilities.
Kentucky Electric Steel Announces $6 Million Capital Improvement Project
23 May 2013 - Kentucky Electric Steel's parent company Optima Specialty Steel has committed US$6 million in capital to provide KES with the ability to produce high-quality round bars with diameters up to 3.75 inches.
ALJ Regional Holdings Announces Management Restructure
21 February 2013 - ALJ Regional Holdings has announced changes in its management structure as a result of its divestiture of Kentucky Electric Steel to Optima Specialty Steel.
ALJ Completes Sale of Kentucky Electric Steel to Optima Specialty
06 February 2013 - ALJ Regional Holdings, Inc. has completed the sale of its majority-owned subsidiary, KES Acquisition Co., which includes Kentucky Electric Steel, to Optima Specialty Steel, Inc. for US$112.5 million.
ALJ Announces Anticipated Closing Date of Merger
21 January 2013 - ALJ Regional Holdings, Inc. (ALJ) announced that based on conversations with Optima Specialty Steel, Inc. regarding its efforts to secure sufficient financing to complete the acquisition of ALJ’s majority-owned subsidiary, KES Acquisition Co., ALJ believes that the closing of the merger is likely to occur on Monday, 28 January 2013.
Kentucky Electric Steel Reaches Labor Accord
27 December 2012 - The United Steelworkers Local 7054 and KES Acquisition Co. (dba Kentucky Electric Steel) have reached agreement on a new labor contract.
ALJ Regional Stockholders Approve Sale of KES Acquisition to Optima Specialty
21 December 2012 - ALJ Regional Holdings Inc. announced today that its stockholders approved the sale of KES Acquisition Company, ALJ's majority-owned subsidiary and parent company of Kentucky Electric Steel, to Optima Specialty Steel, Inc. for $112.5 million in cash.
Optima Specialty Steel to Acquire Kentucky Electric Steel
20 November 2012 - Optima Specialty Steel, Inc., has entered into a definitive merger agreement with ALJ Regional Holdings, Inc., to acquire 100% of KES Acquisition Company dba Kentucky Electric Steel.
ALJ Regional Holdings Reports Third Quarter Results
15 August 2012 - ALJ Regional Holdings, Inc., parent company of Kentucky Electric Steel, announced revenue of $42.1 million and net income of $2.52 million for its fiscal third quarter ended 30 June 2012.
ALJ Announces 2nd Quarter Earnings
21 May 2012 - ALJ, the parent company of Kentucky Electric Steel, reported net income of $3.107 million on net sales of $44.384 million for the second quarter, and net income of $4.831 million on net sales of $83.279 million for the six months ended March 31, 2012.
ALJ Releases Second Quarter Revenue Performance
12 April 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $44.6 million for the second quarter and revenue of $83.4 million for the six months ended March 31, 2012.
ALJ Announces 1st Quarter Earnings
16 February 2012 - ALJ, the parent company of Kentucky Electric Steel, reported a net profit of $1.724 million on net sales of $38.90 million for the first quarter ended December 31, 2011.
ALJ Reports First Quarter Revenue Performance
26 January 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenue of $38.9 million for the first fiscal quarter ended December 31, 2011.
ALJ Announces Results for Fiscal Year 2011
03 January 2012 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, posted net income of $5.919 million on net sales of $45.89 million for the fourth quarter, and net income of $11.417 million on net sales of $162.01 million for the year ended September 30, 2010.
ALJ Announces 2011 Revenues; Refinancing and Expansion of Senior Financing
07 October 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $45.9 million for the fourth quarter and revenues of $162.1 million for the 2011 fiscal year. The company also announced the refinancing and increase of the senior financing agreement of Kentucky Electric Steel.
ALJ Reports Third Quarter Results
16 August 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported net income of $2.5 million on revenue of $43.2 million for the third quarter and net income of $5.5 million on revenue of $116.1 million for the nine months ended June 30, 2011.
ALJ Releases Third Quarter 2011 Revenue Performance
11 July 2011 - ALJ Regional Holdings, the parent company of Kentucky Electric Steel, reported revenues of $43.3 million the third quarter and revenues of $116.2 million for the nine months ended June 30, 2011.
ALJ Announces 2nd Quarter Earnings
17 May 2011 - ALJ, the parent company of Kentucky Electric Steel, reported net income of $2,289,928 on net sales of $40.29 million for the second quarter, and net income of $2,952,438 on net sales of $72.97 million for the six months ended March 31, 2011.
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