American Steel and Wire Company

1. Organization

AK Steel Holding Corporation is an American steel company whose predecessor, Armco, was founded in 1899 in Middletown, Ohio, United States. In 2007, the company moved its corporate headquarters from Middletown to West Chester, Ohio.The company derives its name from the first letters of "Armco" and "Kawasaki Steel Corporation," which entered into a limited partnership with Armco in 1989. The company was formally renamed AK Steel in 1993 when it became a publicly traded company.HistoryThe company was founded in 1899 as The American Rolling Mill Company in Middletown, Ohio, and operated the Middletown Works there. In 1901 it opened the Ashland Works in Ashland, Kentucky. In 1948 it adopted the ARMCO name which in turn became Armco Steel Corporation.The Middletown, Ashland, and at least Zanesville, Ohio, and Butler, Penna.,were the company's only plants until the 1950s when it began buying more mills and diversifying. Armco had more patience than any other steel company during the 1960s.In the later 1960s Armco upgraded and added production facilities which included a new Middletown Works hot strip rolling facility that required a building, the worlds first, so massive the curvature of the Earth had to be factored in its design.During the late 1970s and 1980s corporate finances and business declined, as with much of the US steel industry, and Armco faced a number of pollution and obselescence/international competition issues, which resulted in a general decline of workforce size and profitability and closure of a number of older facilities.In 1978 it was renamed Armco, Inc. and it moved its headquarters for a now diversified company to New Jersey in 1985. In 1989 it entered into a limited partnership with Kawasaki Steel Corporation as well as with Itochu Corporation owning 50 percent of its Nova Steel Processing unit.

Company Rating

9 FB users likes American Steel and Wire Company, set it to 44 position in Likes Rating for Cincinnati, Ohio in Organization category

Summary

American Steel and Wire Company is Cincinnati based place and this enity listed in Organization category.