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Home > Company Index > Metals & Mining > Steel Production > Republic Technologies International, LLC

Republic Technologies International, LLC
 PROFILE
Republic Technologies International (RTI) is the US's largest producer of high-quality steel bars. The company's steel bars and wire rods are used to make automobiles, heavy equipment, and similar products. Customers -- including DaimlerChrysler, Ford, GM, and their suppliers -- turn RTI's steel into components such as bearings, crankshafts, and spark plug shells. The company has been trying to stem the flow of losses by shutting down outdated plants and shifting production to modern mills, but it's been forced to file for bankruptcy protection. Investment company Blackstone Management Associates owns 52% of RTI; Veritas Capital Management owns 16%; Kobe Steel and USX combined own about 20%.

 COMPETITION
AK Steel Holding Corporation (AKS)
Nucor Corporation (NUE)
USX-U.S. Steel Group (X)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 1,265.40
1-Yr. Sales Growth: 22.5%
Employees: 3,889
Revenue per employee: $325,379.27

 KEY PEOPLE
• Joseph F. Lapinsky
    CEO
• Stephen Graham
    CFO

 CONTACT INFO
3770 Embassy Pkwy.
Akron, OH 44333
US
Phone: 330-670-3000
Fax: 330-670-3106
Online: Web Site

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