Croatian Fund Accepts Bid by CMC for Pipe Mill

May 2007
Metal Center News;May2007, Vol. 47 Issue 6, p49
Trade Publication
The article reports on the acceptance of the Croatian Privatization Fund and Croatian government of a second bid from the Commercial Metals Co., Irving, Texas for the Valjaonica Cijevi Sisak mill. According to reports, the bid was made through the company's Swiss subsidiary, Commercial Metals International AG. Sisak mill has pipe-making capacity of about 305,000 tons annually. It was believed that the pipe mill will become a profitable operation in line with the company's financial targets.


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