TITLE

NEWS DIGEST

PUB. DATE
July 2004
SOURCE
Rubber & Plastics News;7/12/2004, Vol. 33 Issue 25, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses corporate mergers and acquisitions. International Steel Group Inc.(ISG) has bought the assets of Georgetown Steel Co.'s Georgetown, South Carolina plant, which manufactures wire rod used to make tire cord and other fine drawn products. ISG paid U.S. $18 million in cash and assumed liabilities for the assets. Georgetown Steel has been operating under U.S. Chapter 11 bankruptcy protection since October 2003 and the plant has been idle since then, ISG said. he Georgetown factory has an annual steel-making capacity of 1 million tons and rolling capacity of 800,000 tons, ISG said.
ACCESSION #
13872705

 

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