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| Cargill agrees to purchase assets of Tennessee-based Olympic Metals, Inc. Minneapolis, MN - Cargill, a leading global trader, processor and distributor of iron and steel, has agreed to purchase the assets of Olympic Metals in Loudon, Tenn, through its Steel Service Center business. Officials expect to close within the next 30 days. Terms were not disclosed. Olympic is a single location steel service center that offers stretcher-leveled cut-to- length sheets, blanking and coil slitting capabilities. The plant is located in eastern Tennessee about 30 miles southwest of Knoxville. "This facility will allow us to expand our market area in the Mid-Atlantic and Southeastern states," said Mike Taylor, president of Cargill's Steel Service Centers. "It allows us to build on our existing strength in cut-to-length steel, in addition to adding a new technology to our portfolio. This will enable us to better provide solutions for our customers. This is a perfect strategic fit for us." Cargill currently operates six flat rolled steel service centers with over 225 employees, focusing on hot rolled band, pickled and oiled, cold rolled and tin mill products. Locations include East Chicago, Ind., Houston Texas; Tulsa Okla., Memphis and Nashville, Tenn; and Panama City Fla. For further information, please contact Bill Brady, Cargill Public Affairs, phone 952-742-6608 |
| Cargill announces MMX offtake agreement Rio de Janeiro , - MMX, a company which operates exclusively in Brazil and will consist of integrated mining, mineral processing, production and logistics operations for iron ore and intermediate products for the steel industry, with a goal of establishing a leading position in the long-term in Brazil and internationally, announces to the market that on January 5th, 2007, MMX Metálicos Brasil Ltda., a subsidiary of MMX, and Cargill, Incorporated entered into a long-term supply agreement for MMX's production of pig iron from the MMX Corumbá System, with firm take and delivery obligations. With the commitment to purchase the settled volume from August 2007, Cargill will have exclusive rights to market MMX Metálicos's pig iron acquired production from MMX Corumbá System worldwide with the exception of South America, using its global marketing, ocean transportation, and logistic network capabilities. About MMX Mineraçăo e Metálicos S.A.
Contact for MMX: Contact for Cargill: |
| North Star Bluescope Steel Ranked #1 Again Delta, Ohio - For the second straight year, the North American flat rolled steel industry consumers ranked North Star Bluescope Steel in Delta, OH number 1 in overall customer satisfaction, quality and delivery. The results were released by Jacobsen and Associates, and independent firm that gathers thousands of surveys from steel consumers and their evaluation of 29 steel producers. "Our people make the difference", said Jim Jonasen, North Star Bluescope Steel President. "Visitors to our facility ranging from Vendors, Buyers, Competitors to our Owners all give us the same feedback; that is, the Team Members of NSBluescope give the company a distinct advantage in a very competitive industry." He Continued, "This achievement is a great honor for us and a culmination of effort ranging from all our Operations, Sales, and Administrative Teams. We work hard to understand our customers' needs and fulfill them." Since receiving the honor last year, the Company has had a string of successes, which includes setting a new industry safety benchmark by going 3 years and 4 months without a lost-time injury. In addition, the Company was selected as one of America's top 25 plants by Industry Week magazine. The Company plans to celebrate by cooking up steak dinners for their Employees. The Jacobson & Associates steel customer satisfaction survey began in 1994. Overall study results are based on over 13,000 surveys completed as of June 2003, including more than 70,000 supplier ratings and 38,000 customer comments. Surveys are conducted continuously throughout the year, based on an active calling list of 2,500 steel customers. Located near Delta, Ohio, NSBluescope is a joint venture between Minneapolis-based Cargill and Bluescope Steel of Melbourne, Australia. In 1997, NSBluescope began production of flat-rolled steel products that are used by automotive, original equipment and industrial manufacturing customers. The plant employs 330 people. For more information, visit: http://www.nsbluescope.com. Bluescope Steel's headquarters and principle operations are on Australia's east coast. Bluescope Steel is Australia's largest steel producer and one of the largest steel production companies in the world, with steel rolling, coating and painting plants in Australia, New Zealand, Thailand, Malaysia and Indonesia. Bluescope Steel specializes in the production of flat steel products, including slab, hot rolled coil, cold rolled coil, tinplate and value-added metallic coated and pre-painted steel products. Cargill, Incorporated ia an international marketer, processor, and distributor of agricultural, food, financial and industrial products and services with 124,000 employees in 59 countries. The company provides distinctive customer solutions in supply chain management, food applications, and health and nutrition. |
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