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Kenwal Steel to Build a State-of-the-Art Service Center in Mississippi

Posted on: Thursday, 10 August 2006, 18:00 CDT

DEARBORN, Mich., Aug. 10 /PRNewswire/ -- Kenwal Steel Corp. has announced that it will build a state-of-the-art processing and distribution facility next to the SeverCorr steel mill now under construction near Columbus, Mississippi.

The 210,000-sq.-ft. $15-million facility, Kenwal's first in the South, will be located in an Industrial Park as part of a 1,400 acre mega-site set aside for SeverCorr and its business partners. The new enterprise is expected to generate as many as 80 new full-time jobs at peak employment.

"We are honored to have been selected as a supplier partner with the nation's newest steelmaker," said Kenwal Chairman and CEO Kenneth Eisenberg. "SeverCorr's commitment to building a tightly-integrated working relationship with us will help provide a new level of service to our steel customers. We are proud to be on board."

"When we decided to build a next-generation steel mill, we also decided to create next-generation relationships with the downstream channel," said Michael Wagner, Chief Commercial Officer of SeverCorr. "We selected a site with room for our partners to grow with us, and are pleased to welcome Kenwal as one of our first neighbors."

Kenwal's service capabilities will include: * A light gauge slitting system with surface critical technology that will focus on cold rolled, and coated materials from .010 to .060 thick in widths up to 72 inches wide. * A heavier gauge system tailored to run unexposed materials like hot rolled black & pickled & oiled from .055 to .375 thick in widths up to 72 inches. * An automated packaging line will complement the slitters to accommodate specific customer needs on all slit coil requirements. * Rail and truck shipping and receiving docks will be supported by 44-ton cranes to handle SeverCorr's large coil capability.

Kenwal expects to break ground in October followed by a late spring 2007 launch.

About Kenwal Steel Corp.

Kenwal Steel Corp, based in Dearborn, Mich., will celebrate its 60th year in business in 2007, and remains dedicated to a Tradition of Excellence with a History of Innovation that has served its customers well. Today, the Kenwal Steel Group is a collection of companies providing best-in-class flat rolled steel products and services from processing facilities in the Midwest and Canada. The Company remains committed to growth as it reaches out to meet the ever-changing needs of an expanding customer base.

About SeverCorr LLC

SeverCorr was formed in 2003 to design, engineer, build and operate a state-of-the-art steel facility to service growing manufacturing opportunities in the Southern U.S. In October of 2005, SeverCorr broke ground on a next- generation steel mill near Columbus, Mississippi. When complete in 2007, the plant will produce 1.5 million tons of high-quality steels a year for use in the automotive, building, agricultural, pipe & tube and appliance industries. Future expansion includes a second production line that will double capacity, as well as space for production partners and manufacturers on the company's 1,400-acre site.

Kenwal Steel Corp.

CONTACT: Tina Bassett of Bassett & Bassett, Inc., +1-313-965-3010, forKenwal Steel Corp.

Source: PRNewswire

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