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In 1917, and more than 5,600 miles apart, two businessmen who were strangers to each other, but who had the same vision, founded two foundries which gave rise to what is now ME Elecmetal.
In 1917, in Santiago, Chile, Chilean businessman Emilio Orrego Luco founded Compañía Electrometalúrgica S.A. (Elecmetal) installing the first electric arc furnace in Latin America.
In 1959, Elecmetal established a strategic alliance with Oregon, USA based ESCO®, the worldwide leader of cast ground engaging tools.
Meanwhile, up to the mid-1960’s ME was a major supplier of steel castings to companies manufacturing machinery used in railroads, road construction, mining and pressure valves.
Also in 1976, ME built a new foundry in Duluth, MN, USA, positioning itself closer to its customer base in iron ore processing.
In 1987, ME was acquired by the joint venture formed by Armco Inc., of Pittsburgh, Pennsylvania, United States, and Stelco Inc. of Hamilton, Ontario, Canada, renamed ME International.
In 1992, Armco Grinding Systems was bought by GS Technologies (GST), so the new owners of ME International were Stelco and GST.
In 1994, ME International purchased a foundry located in Tempe, AZ, USA, to be closer to the customers of the copper mining region of the southwestern USA. The new company was called ME West Castings Inc.
In 1995, GST merged with Georgetown Industries, forming GS Industries and ME International became ME International Inc.
In 2001, Elecmetal successfully participated in the process of acquiring the assets of ME International Inc. and ME West Castings Inc., which were renamed as ME Global Inc.
In 2003, the ME Elecmetal brand was created, joining under one name two companies with the same vision: Being the preferred value-added supplier of solutions related to wear parts in target markets.
Later, in 2007, ME Elecmetal completed the acquisition of 100% of ownership of Fundición Talleres.
Also in 2007, ME Elecmetal signed a joint venture with ESCO® to build a new foundry, dedicated exclusively to the manufacture of ground engaging tools.
In 2011 ME Elecmetal signed a joint venture with Changshu Long Teng Steel Co, Ltd. a major Chinese steel manufacturer, to build a factory for manufacturing premium quality grinding balls in Changshu, China.
The new company, ME Long Teng Grinding Media (Changshu) Ltd., started operations in the first half of 2012.
In 2012, the company announced a US$ 45 million investment in a new plant in Changzhou, China, for manufacturing mill liners for Asia-Pacific market.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| TimkenSteel | 2014 | $1.1B | 1,850 | - |
| Worthington Industries | 1955 | $4.9B | 7,500 | 57 |
| Republic Steel | 1989 | $12.0M | 50 | - |
| Genie Industries | 1966 | $880.0M | 3,000 | - |
| Kaiser Aluminum | 1946 | $2.6B | 2,000 | 109 |
| Rexam Closure Systems Inc | 1987 | $203.0M | 800 | - |
| EVRAZ North America | 1926 | $3.0B | 70,000 | 36 |
| Minnesota Rubber & Plastics | 1945 | $126.6M | 1,100 | - |
| Intek Plastics | - | $43.8M | 200 | 16 |
| Toray Plastics | 1985 | $17.9B | 750 | 5 |
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ME ELECMETAL may also be known as or be related to ME ELECMETAL, ME Global Inc. and Me Elecmetal.