Steel Galvanizing Company Galvex Files for Bankruptcy

February 2006
Metal Center News;Feb2006, Vol. 46 Issue 2, p78
Trade Publication
The article reports on New York-based steel galvanizing company Galvex Capital LLC has filed for bankruptcy after lender SPCP Group LLC issued a notice of default against it. Galvex Capital was affected by an oversupply of steel and a resulting decline in steel prices. The company experienced a decline in sales from $235.4 million in 2004 to $119.1 million in 2005.


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