Thyssen Steel Group Opens New Steel Distribution Center in Richburg, SC

21 June 1999
Thyssen Steel Group Opens New Steel Distribution Center in Richburg, SC
    DETROIT, June 21 -- Thyssen Steel Group, a Division of
Thyssen Inc., NA, is pleased to announce the opening of its new Steel
Processing and Distribution Center in Richburg, South Carolina.  Formal
opening and dedication ceremonies are scheduled for June 24, 1999.  Among the
dignitaries participating in the inaugural ceremonies will be the Governor of
South Carolina, the Honorable James H. Hodges, and Mr. Charles S. Way,
Secretary of Commerce, South Carolina.
    The first phase construction project of the new state-of-the-art facility
encompasses 200,000 sq. ft, of warehouse and office space and houses newly
installed steel processing equipment, including slitting, precision blanking
and multi-blanking lines.  Commenting on the opening of the $30 million
Richburg plant, Mr. Kenneth J. Graham, President/CEO Thyssen Inc., NA, stated
that "Thyssen Steel Group will continue to intensify its presence in the
Southeast United States, with a special focus toward servicing the materials
requirements and related processing needs of the growing automotive, home and
garden products, white goods, furniture and construction industries in the
region."  Continuing, he noted that the company had already poured foundations
in anticipation of expanding the plant to 500,000 sq. ft. in the near future.
    Thyssen Inc., North America, headquartered in Detroit, MI, is a material
management and service company focused on steel, aluminum, stainless and tool
steel, specialty metals, copper, brass, bronze, and plastics processing and
distribution.  Thyssen Inc., NA is also engaged in import and export trading,
heat treating and logistics management services.  With division and affiliate
sales in excess of US $2.5 billion per annum, Thyssen Inc., NA is active
throughout the entire NAFTA market region.  Thyssen Inc., NA is a wholly owned
subsidiary of Thyssen Krupp AG, Germany.