December 02, 2008

Olympic Steel to set up a service center at Sumter in South Carolina

US steel service center major Olympic Steel Inc announced that it plans to construct a new facility at Sumter in South Carolina state of US.

The facility is expected to be completed by 2008 end and involves the construction and equipping of a 100,000 square foot facility at a total investment of approximately USD 10 million. When fully operational, the facility is expected to employ 65 employees.

Mr Michael D Siegal chairman & CEO of Olympic Steel said that "We are pleased to announce a new Greenfield facility in Sumter, South Carolina. Complementing the 2006 acquisition of our North Carolina operations, we are excited to further expand our processing capabilities in the southeast region for our valued customers. The Sumter location was particularly attractive to us because of its excellent proximity to original equipment manufacturers and the availability of a skilled labor force. Importantly, this project would not have become reality without the tireless effort and support of the State of South Carolina and Sumter County.

Founded in 1954, Olympic Steel is a leading US steel service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat rolled sheet, coil and plate steel products. Headquartered at Cleveland in Ohio, it operates 15 facilities.