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EspañolAK STEEL HOLDING
(Redirected from AK Steel Holding Corporation)
'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 although 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]
AK Steel's main products are carbon, stainless and electrical steels, cold rolled and aluminium coated stainless steel for automakers.
One of AK Steel's best-known products may be the Armco barriers installed around many auto-racing tracks, particularly in Formula One. These barriers were commonly called simply "Armco." Reports of Formula-One races frequently include a statement like "his steering-link broke, which sent him into the Armco."
The company has production facilities in a number of American cities including: Middletown, Ohio, Ashland, Kentucky, Zanesville, Ohio, Mansfield, Ohio, Coshocton, Ohio, Butler, Pennsylvania and Rockport, Indiana as well having production facilities in Canada, Mexico and Western Europe.
The current CEO at AK Steel Holding is James L. Wainscott
Researchers at the University of Massachusetts have ranked AK Steel as one of the largest corporate producers of air pollution in the United States. According to the study, AK emits more than 328,000 pounds of toxins annually into the air.[3] In 2000, the US Environmental Protection Agency ordered AK Steel to provide bottled drinking water to the residents of Zelienople, Pennsylvania, whom the company had allegedly put at risk for blue baby syndrome by releasing up to 29,000 pounds per day of pickling liquors into Connoquenessing Creek.[4] In 2004, AK agreed to pay US$1,200,000 to resolve claims that it had violated the Clean Air Act and the Clean Water Act and that it had failed properly to dispose of hexavalent chromium waste in Butler, Pennsylvania.[5] In 2006, AK Steel reached an estimated $12,000,000 settlement to compensate for PCB contamination in Middletown, Ohio.[6]
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.
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.[7] One year after the lockout started, on February 28, 2007, AK Steel reached a labor deal with the labor union[8], and the lockout was over when the union members ratified the proposed contract in March.[9]
1. Google Finance: AK Steel Holding Corporation
2. AK Steel To Move Corporate Headquarters, WLWT-TV, Feb. 20, 2007
3. Political Economy Research Institute
4. Environmental Protection Agency
5. Environmental Protection Agency
6. Environmental Protection Agency
7. The Enquirer: Timeline of the AK Steel lockout
8. Associated Press: AK Steel Reaches Tentative Labor Deal
9. AK Steel boss projects long-term profitability
★ AK Steel Ashland Works
★ AK Steel
'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 although 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]
| Contents |
| Products |
| Environmental Record |
| Middletown Works Lockout |
| References |
| See also |
| External links |
Products
AK Steel's main products are carbon, stainless and electrical steels, cold rolled and aluminium coated stainless steel for automakers.
One of AK Steel's best-known products may be the Armco barriers installed around many auto-racing tracks, particularly in Formula One. These barriers were commonly called simply "Armco." Reports of Formula-One races frequently include a statement like "his steering-link broke, which sent him into the Armco."
The company has production facilities in a number of American cities including: Middletown, Ohio, Ashland, Kentucky, Zanesville, Ohio, Mansfield, Ohio, Coshocton, Ohio, Butler, Pennsylvania and Rockport, Indiana as well having production facilities in Canada, Mexico and Western Europe.
The current CEO at AK Steel Holding is James L. Wainscott
Environmental Record
Researchers at the University of Massachusetts have ranked AK Steel as one of the largest corporate producers of air pollution in the United States. According to the study, AK emits more than 328,000 pounds of toxins annually into the air.[3] In 2000, the US Environmental Protection Agency ordered AK Steel to provide bottled drinking water to the residents of Zelienople, Pennsylvania, whom the company had allegedly put at risk for blue baby syndrome by releasing up to 29,000 pounds per day of pickling liquors into Connoquenessing Creek.[4] In 2004, AK agreed to pay US$1,200,000 to resolve claims that it had violated the Clean Air Act and the Clean Water Act and that it had failed properly to dispose of hexavalent chromium waste in Butler, Pennsylvania.[5] In 2006, AK Steel reached an estimated $12,000,000 settlement to compensate for PCB contamination in Middletown, Ohio.[6]
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.
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.[7] One year after the lockout started, on February 28, 2007, AK Steel reached a labor deal with the labor union[8], and the lockout was over when the union members ratified the proposed contract in March.[9]
References
1. Google Finance: AK Steel Holding Corporation
2. AK Steel To Move Corporate Headquarters, WLWT-TV, Feb. 20, 2007
3. Political Economy Research Institute
4. Environmental Protection Agency
5. Environmental Protection Agency
6. Environmental Protection Agency
7. The Enquirer: Timeline of the AK Steel lockout
8. Associated Press: AK Steel Reaches Tentative Labor Deal
9. AK Steel boss projects long-term profitability
See also
★ AK Steel Ashland Works
External links
★ AK Steel
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