Service Centers
Samuel Roll Form Group Expanding in Mississippi
Written by Sandy Williams
August 12, 2020
Samuel Roll Form Group, a division of Samuel, Son & Co., is expanding operations at its Iuka, Miss., facility and adding 30 jobs.
“Our team is very excited about Samuel’s investment in Iuka. The additional 67,000-square-foot process bay will accommodate a number of additional rolling mills and complementary steel fabricating equipment,” said Samuel Roll Form Group President Lou Sartor.
Samuel Roll Form Group is a fabricator and supplier of heavy roll formed products to major industries such as rail and heavy construction.
In addition to the Samuel investment, the Mississippi Development Authority is providing a $400,000 grant for equipment relocation and a $50,000 grant for workforce training. Additional assistance is being provided by Tishomingo County and the Tennessee Valley Authority.
Completion of the project and hiring is expected during the second quarter of 2021.
Sandy Williams
Read more from Sandy WilliamsLatest in Service Centers
Worthington Steel sees demand improvement after earnings slump
Lower volumes and steel prices dampened Worthington Steel’s profits, but market momentum is building, the metals processor said in its most recent quarterly earnings report.
Galvanized buyers see strong demand, but uncertainty lingers
Demand is up, but tariffs raise concerns
Olympic taps Zito for new VP of development role
Cleveland-based Olympic Steel Inc. has promoted Scott M. Zito to the newly created role of vice president of business development. Zito has been with the company for more than 40 years.
Worthington Steel and Samuel to close Cleveland coil processing JV
Worthington Steel confirmed it is closing the Worthington Samuel Coil Processing (WSCP) facility in Cleveland. WSCP is a joint venture between Worthington Steel and Oakville, Ontario-based Samuel, Son & Co.
Galvanized buyers brace for market shifts amid rising tariffs
One buyer summed up the prevailing sentiment: “Everything is pointing up — pricing, sentiment, order activity. But the real test will come once the immediate reactionary buying subsides. Will there be enough true demand to support these levels through mid-year? That’s the big unknown.”