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Universal Alloy company history timeline

1996

――――, "Reopened Pennsylvania Steelmaker Shares Profits with Employees," Knight Ridder/Tribune Business News, June 24, 1996.

1996: Capital improvement is begun by rebuilding the Bridgevil le melt shop's 50-ton electric arc furnace.

1997

Sales were up to $81 million by 1997, producing net earnings of & #36;7 million.

1998

Moore, Deborah, "Al Tech Says Parent Forged Illegal Merger," Business Review (Albany), January 26, 1998.

Pensak, Richard, "Universal Stainless Moves into Next Century," American Metal Market, December 8, 1998.

The Bridgeville plant was ISO 9002 certified in 1998 a nd installed a new $11 million round bar finishing facility.

1999

Empire had been formed from AL Tech Specialty Steel, which Universal had considered buying for &# 36;38 million before it went bankrupt in 1999.

2000

With natural gas costs escalating, in October 2000 Universal began im plementing a surcharge in October 2000.

2000: The company enters the plate product markets after acqui ring a plate saw.

2003

Universal lost $1.4 million in 2003.

2004

Sales rose enormousl y in 2004, reaching $120.6 million, with net income of $7.1 m illion.

2004: Universal posts record revenues and backlog.

2005

"Universal Stainless Plans to Raise Production at Dunkirk," Steel Business Briefing, January 25, 2005.

"McAninch Takes Hard Line on Titusville Strikers," Metal Bulletin News Alert Service, October 21, 2005.

The recovery in the power generation and aerospace markets continued into 2005, and Universal obtained additional financ-ing to go on an expansion path.

2022

"Universal Stainless & Alloy Products, Inc. ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/universal-stainless-alloy-products-inc

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Founded
1996
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Headquarters
Canton, GA
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Monoflo International1973$90.0M10013

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