Schuff Steel Utilizes Downturn in the Construction Market to Prepare for Future; Plans to Re-Open Orlando Plant in 2013
October 09 2012 - 6:42PM
Marketwired
Schuff Steel Company, a subsidiary of Schuff International, Inc.
(PINKSHEETS: SHFK), a family of companies providing fully
integrated steel construction services, announces plans to re-open
their Orlando, FL fabrication plant in 2013 as a result of
increased market demand in the Southeast region, as well as
international markets serviced by Schuff from its Florida location
and other facilities across the country.
The construction market in the Southeast region has been very
challenging over the last few years. During this downturn, Schuff
has streamlined and re-organized its Southeast operations. In April
2012, Schuff issued a WARN notice for its Orlando facility in light
of the decreased demand for structural steel, but continued to
service the Southeast market through its operations in Albany,
Georgia.
"We are seeing signs of increased market activity and plan on
re-opening our Orlando plant in the first half of 2013," said Ryan
Schuff, President and CEO of Schuff Steel. "We have also
centralized our Southeast operations and revamped our executive
management team by adding and transferring some key employees to
our newly renovated Orlando office."
Schuff continues to service its clients by delivering its
expertise in Design-Build and Design-Assist services on structural
steel projects. "Schuff remains committed to servicing the
Southeast region and international markets for the long haul. We
have been patiently re-organizing our efforts in the Southeast
region, and we look forward to seeing the results in the coming
years," Schuff concluded.
About Schuff International, Inc.
Schuff International, Inc. (PINKSHEETS: SHFK) and its family of
steel companies is the largest steel fabrication and erection
company in the United States. The 36-year old company executes
projects throughout the country as well as internationally. Schuff
offers integrated steel construction services from a single source
including design-build, design-assist, engineering, BIM
participation, 3D steel modeling/detailing, fabrication, advanced
field erection, joist and joist girder manufacturing, project
management, and single-source steel management systems. Schuff
International, Inc. employs approximately 1,500 people throughout
the country. For more information, visit: www.schuff.com.
Certain statements in this news release may contain
forward-looking information within the meaning of the Private
Securities Litigation Reform Act of 1995, and are subject to the
safe harbor created by those rules. All statements, other than
statements of fact, included in this release, including, without
limitation, statements regarding the increased demand of the U.S.
Southeast and International construction markets and the Company's
future plans of the Company staying in the U.S. Southeast market
area are forward-looking statements that involve substantial risks
and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements.
These risks and uncertainties include, but are not limited to, the
company's ability to obtain projects in the U.S. Southeast and
International construction market and successfully and timely
complete those construction projects; the company's ability to
convert backlog into revenue; the potential delay, suspension,
termination, or reduction in scope of a construction project;
forecasted regional and end-market growth; the ability to hire new
workers and retain certain members of management; the effectiveness
of the Company's re-organization and consolidation actions; the
ability to obtain surety bonds to secure its performance under
certain construction contracts; possible labor disputes or work
stoppages within the construction industry; the ability of project
owners to obtain financing for projects; and actions taken or not
taken by third parties, including the Company's customers,
suppliers, business partners, and competitors and legislative,
regulatory, judicial and other governmental authorities and
officials in the U.S. and foreign countries. The Company cautions
that these forward-looking statements are further qualified by
other factors. The Company undertakes no obligation to publicly
update or revise any statements in this release, whether as a
result of new information, future events or otherwise.
Add to Digg Bookmark with del.icio.us Add to Newsvine
AT THE COMPANY: Robb Waldrep Vice President & COO Schuff
Steel Company E-mail: Email Contact
DBM Global (CE) (USOTC:DBMG)
Historical Stock Chart
From May 2024 to Jun 2024
DBM Global (CE) (USOTC:DBMG)
Historical Stock Chart
From Jun 2023 to Jun 2024