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.

 

 

Home |75 Years | Financial Highlights |Letter to Shareholders
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www.quanex.com