AK Steel Holding
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AK Steel, Inc. | |
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Type | Public (NYSE: AKS) |
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Founded | 1900 |
Headquarters | ![]() |
Key people | James L. Wainscott (CEO) |
Industry | Steel |
Products | Steel products |
Revenue | $5.7 Billion FY2004[citation needed] |
Employees | 7,000 (2006)[1] |
Website | www.aksteel.com |
AK Steel Holding Corporation, formerly known as Armco, is a major American steel company founded in 1900 as the American Rolling Mills Corporation. With 2005 revenues of US$5 billion, it is on the list of the 500 largest companies from Fortune Magazine. Today the company is situated in Middletown, Ohio athough on February 20, 2007 the company announced that they would be moving their headquarters to West Chester, Ohio. The move should be complete by the third quarter of 2007. [2]
The company has production facilities in a number of American cities including: Middletown, Ohio, Ashland, Kentucky, Zanesville, Ohio, Mansfield, Ohio, Butler, Pennsylvania and Rockport, Indiana as well having production facilities in Canada, Mexico and Western Europe.
AK Steel's main products are carbon, stainless and electrical steels, cold rolled and aluminium coated stainless steel for automakers.
The current CEO at AK Steel Holding is James L. Wainscott
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[edit] Middletown Works Lockout
On February 28, 2006, AK Steel began a Lockout of Armco Employees Independent Federation (AEIF), an employee union, at their Middletown Works plant, in Middletown, Ohio. This lockout is already the longest labor stalemate in the 105-year history of the Middletown Works. The previous longest stalemate was a five-day company lockout in 1986.[citation needed]
By the next day, the mill was operated by 1,800 salaried and temporary replacement workers. In late October, AK offered a "final" contract, which was beaten down by the union at a vote of 2 to 1.[3] One year after the lockout started, on February 28, 2007, AK Steel reached a tentative labor deal with the labor union, and the lockout is over if the union members ratify the proposed contract.[4]
[edit] References
- ^ Google Finance: AK Steel Holding Corporation
- ^ AK Steel To Move Corporate Headquarters, WLWT-TV, Feb. 20, 2007
- ^ The Enquirer: Timeline of the AK Steel lockout
- ^ Associated Press: AK Steel Reaches Tentative Labor Deal