CLEVELAND - Olympic Steel Inc. (Nasdaq: ZEUS), a leading national metals service center, today announced the opening of its newest 120,000-square-foot metal processing facility, located in Buford, Georgia. The location expands the Company's southeastern region footprint, which also includes facilities in Locust, North Carolina; Winder, Georgia; and Hanceville, Alabama.
The Buford facility will act as the region's primary flat rolled fabrication hub, with first-stage metal processing anchored in the Winder facility, metal distribution in both the Winder and Hanceville locations, and pipe and tube laser fabrication and bending and welding at the Company's Chicago Tube & Iron location in Locust, N.C. Combined, Olympic Steel's facilities in the southeastern U.S. offer cut-to-length, slitting, leveling, laser and plasma cutting, forming, machining, welding, kitting, assembly and distribution for a variety of carbon, stainless and aluminum sheet, plate, coil, pipe and tube products.
As part of the expansion, the Company has also added a new Mitsubishi fiber optic laser and a 600-ton Verson stamping press with a COE coil feed system. The additional equipment and processing capacity complement the region's existing value-added fabrication capabilities and support the Company's commitment to automotive OEMs and their tier 1 and 2 parts makers, as well as respond to increasing demand from other OEM customers.
"The opening of the Buford facility strategically aligns our product and processing capabilities to efficiently meet our growing customer needs in the Southeast," said David Gea, Region Vice President and General Manager. "The expansion allows us to offer new processed products and additional just-in-time services to our customers."
The southeastern region is further supported by an additional 27 Olympic Steel locations in North America, which provide processing redundancy for customers.
The Company plans to host an opening event and offer tours of the new Buford facility later this year.
About Olympic Steel
Founded in 1954, Olympic Steel is a leading U.S. metals service center focused on the direct sale of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel, aluminum, tin plate, and metal-intensive branded products. The Company's CTI subsidiary is a leading distributor of steel tubing, bar, pipe, valves and fittings, and fabricator of value-added parts and components. Headquartered in Cleveland, Ohio, Olympic Steel operates from 31 facilities in North America.
For additional information, please visit the Company's website at www.olysteel.com or https://olysteel.irpass.com/Contact_Us?BzID=2195
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