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Super Steel plant shuts its doors

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The Super Steel Schenectady manufacturing plant in Glenville has closed, fulfilling its notice to the state to end operations by the first week of April, according to the state Department of Labor. The company, however, did not fulfill its job creation goals with the state as part of a $250,000 loan it received for operations in 2007 and may have to repay a portion of it, economic development officials said. A spokeswoman for the Empire ...

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April 2, 2009
8:10 a.m.
(Comment was removed by moderator for not meeting the Daily Gazette's community standards.)
April 2, 2009
10:32 a.m.

[ Flag Post ]

Precision Grinding, Inc. - Birmingham, AL

Long-standing companies and members making up the US Steel Industry are finding competition from leaner, more focused companies in the US steel market.

Smaller, leaner companies that specialize in specific sectors of the steel market have been able to grow their niche market while the larger, older steel companies that failed to move toward a narrower niche market in the past few years have begun to close doors.

Precision Grinding from Birmingham, Alabama, as an example, focuses on processing precision steel plate products from a select, large inventory of full sheets of structural carbon steel plate. Steel Processing services include Flame-Cutting and Plasma Beveling, Blanchard Grinding and Large Surface Grinding, Large Horizontal Milling and Large CNC Machining, and Building precision, specialty machinery. Offering a "One-Stop Shop" approach to the narrower market of Custom, Precision Steel Plate products has allowed Precision Grinding to grow by helping the large base of machine shops, jobshops, and machine builders improve their own cash-flow while offering these same valuable niche services to their own customers as value added services.

Well managed small businesses that target narrow niche markets may have a better chance to survive during this downturn, while the larger conglomerates that continue to serve multiple markets may fall by the wayside.