| AK to invest $8.5 to Produce Stainless Tubing |
| Tuesday, December 27, 2005 10:19:23 AM - Middletown Ohio |
MIDDLETOWN, Ohio, Dec. 21 /PRNewswire-FirstCall/ -- AK Steel (NYSE: AKS)
said today that it will invest approximately $8.5 million at its wholly-owned
subsidiary, AK Tube LLC, to produce large diameter stainless tubing that will
assist heavy truck manufacturers in meeting new standards for diesel
emissions. AK Steel said the capital investment would include a resistance-
weld tube mill, and associated equipment, capable of producing large-diameter
stainless tubing to meet these new requirements.
The new U.S. Environmental Protection Agency (U.S. EPA) standards, which
will become effective January 1, 2007, are designed to lower particulate
matter and hydrocarbon emissions from heavy duty diesel engines, the staple of
the truck transportation in the United States. Due to the significantly
higher exhaust temperatures that will result from the new emission designs,
diesel engine manufacturers have specified large diameter stainless tubing for
many of the exhaust system components. Historically, those components have
been manufactured using bare and aluminum-coated carbon steel tubing.
"AK Tube and AK Steel are already leaders in vehicle exhaust component
steel technology," said James L. Wainscott, president and CEO of AK Steel.
"This new capital investment further enhances our industry-leading technology
by helping us meet new market requirements for heavy duty truck exhaust
components."
Construction of the new tubing mill will begin in the near future, with
completion estimated by mid-2006.
AK Tube, with locations in Columbus, Indiana and Walbridge, Ohio, is a
leading supplier of carbon and stainless steel electric resistance welded
(ERW) tubing products for truck exhaust, hydroforming, air handling, outdoor
furniture and automotive markets.
AK Steel, headquartered in Middletown, Ohio, produces flat-rolled carbon,
stainless and electrical steels for the automotive, appliance, construction
and manufacturing markets. Additional information about AK Steel is available
on the company's web site at http://www.aksteel.com.
SOURCE AK Steel
Web Site: http://www.aksteel.com |
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