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Concord Steel Awarded With ThyssenKrupp Elevator Contract to Supply 800,000 Pounds of Elevator Counterweights for One World Trade Center in New York City

April 27, 2009

WARREN, Ohio, April 27 /PRNewswire/ — Concord Steel, Inc., the leading independent manufacturer and supplier of custom fabricated steel counterweights, was awarded a contract to provide steel counterweights for all 71 elevators being installed by ThyssenKrupp Elevator in the Freedom Tower, at One World Trade Center, in New York City. The 800,000 pound order is one of the largest single orders for elevator counterweights in Concord Steel’s history.

“We are proud to be a partner in this historic One World Trade Center Project,” said Paul Vesey, President of Concord Steel. “We will draw upon the Company’s 85 years of experience to provide these special and unique counterweights.” Vesey also said, “Concord Steel was selected for this monumental project based on our competitive response, our industry leading capacity and our unmatched ability to service the metro New York City market.”

Patrick Chesterton, Vice President of Sales and Marketing for Concord Steel commented, “The Concord Team is well-equipped to handle this contract. We will manufacture this order from our plants located in Chicago Heights, Illinois, Warren, Ohio and Essington, Pennsylvania.”

One World Trade Center is the main building of the new World Trade Center complex under construction located in Lower Manhattan in New York City. The tower will soar to 1,776 feet in the sky and serve as an inspirational and enduring beacon in the New York City skyline. It will be located in the northwest corner of the 16-acre World Trade Center site. Work on the tower, began in April, 2006 and is expected to be completed sometime in 2013.

About Concord Steel, Inc.

Concord Steel, Inc. a wholly owned subsidiary of Stamford Industrial Group, Inc. (Pink Sheets: SIDG) is the leading independent manufacturer of steel counterweights and structural weldments. Their products are primarily sold in the United States to original equipment manufacturers of construction and industrial related equipment that employ counterweights for stability through counterweight leverage in the operation of equipment used to hoist heavy loads, such as elevators and cranes. Concord Steel has manufacturing plants in Warren, Ohio, Essington, Pennsylvania, and Chicago Heights, Illinois. Concord Steel traces it history back 85 years and has focused on counterweights for the last 35 years.

About ThyssenKrupp Elevator

ThyssenKrupp Elevator, Americas Business Unit, is the largest producer of elevators in North America, with over 14,000 employees, more than 200 branch and service locations, and sales of over 2.5 billion US dollars. ThyssenKrupp Elevator, Americas Business Unit, oversees all business for the operations in the USA, Canada, Central and South America. It is part of ThyssenKrupp Elevator AG, one of the leading elevator companies in the world, represented at over 800 locations in more than 60 countries. With nearly 40,000 employees, the company generated sales of approximately 5.0 billion Euros in the fiscal year ended September 30, 2008. Its capabilities include passenger and freight elevators, escalators and moving walks, stair and platform lifts, passenger boarding bridges as well as quality service for all products.

SOURCE Concord Steel, Inc.


Source: newswire



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