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Quanex Corporation’s 75-Year Anniversary
– Quanex Corporation began in 1927 as Michigan Seamless Tube
in South Lyon, Michigan. The Company recycled used boiler and condenser
tubes by redrawing them for resale as tubing for the new and exciting
refrigeration market.
During World War II, the Company served as a vital defense supplier
and was recognized by the United States War Department with the
Army-Navy “E” for production excellence, with four subsequent
“star” awards for continued excellence.
In 1965, with sales of $45 million, the Company’s common stock
was officially listed on the New York Stock Exchange.
In 1972, under the direction of Carl Pfeiffer, the Company announced
plans to build a unique steel mill in Jackson, Michigan, to produce
bar rounds from scrap metal using a unique centrifugal continuous
casting process. The new plant, named MACSTEEL®, began production
in 1974.
In 1977, the Company celebrated 50 years in business with sales
of $145 million, changed its name to Quanex Corporation and moved
its headquarters to Houston, Texas.
Because of MACSTEEL’s success at Jackson, Quanex announced
plans to build a higher capacity version of the rotary continuous
cast mini-mill in Fort Smith, Arkansas. The facility began production
in 1985.
In 1989, as sales reached $500 million, Quanex acquired Nichols
Homeshield, a manufacturer of aluminum products for home building
and remodeling. To meet growing customer demand, in 1990 Quanex
initiated construction of an aluminum continuous cast mini-mill
which began production in 1992.
Over the last half-dozen years, Quanex has acquired Piper Impact,
Inc., Nichols Aluminum Golden, Imperial Products, Temroc Metals
and Colonial Craft.
Today, with sales at $1 billion and record earnings, Quanex has
evolved and grown through internal expansion and acquisitions to
become a premier supplier of custom engineered materials and components
serving the Vehicular Products and Building Products markets.
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