Business Description
The Corporation classifies its businesses in two segments: Forged and Cast
Engineered Products and Air and Liquid Processing.
Forged and Cast Rolls segment recognized a need to diversify its product offerings
and started producing non-roll products - primarily ingot and open die forged
products which are used in the gas and oil industry and the aluminum and plastic
extrusion industries.
Forged and Cast Engineered Products Segment
Union Electric Steel Corporation produces ingot and forged products that service
a wide variety of industries globally. It specializes in the production of forged
hardened steel rolls used in cold rolling by producers of steel, aluminum and
other metals throughout the world. In addition, it produces ingot and open die
forged products which are used in the gas and oil industry and the aluminum
and plastic extrusion industries. Although currently representing a minor portion
of the segment’s business activity, sales of ingot and open die forged
products are expected to grow and become a more significant portion of our segment’s
business activity. It is headquartered in Carnegie, Pennsylvania with three
manufacturing facilities in Pennsylvania and one in Indiana. Union Electric
Steel Corporation is one of the largest producers of forged hardened steel rolls
in the world. In addition to a few domestic competitors, several major European,
South American and Asian manufacturers also compete in both the domestic and
foreign markets. In 2007, a subsidiary became a 49% partner in a joint venture
in China to manufacture large forged backup rolls, principally in weights and
sizes larger than those which can be made in the subsidiary’s facilities
in the United States.
Union Electric Steel UK Limited produces cast rolls for hot and cold strip mills,
medium/heavy section mills and plate mills in a variety of iron and steel qualities.
It is located in Gateshead, England and is a major supplier of cast rolls to
the metalworking industry worldwide. It primarily competes with European, Asian
and North and South American companies in both the domestic and foreign markets.
Union Electric Steel UK Limited is a 25% partner in a Chinese joint venture
which produces cast rolls.
Air and Liquid Processing Segment
Aerofin Division of Air & Liquid Systems Corporation produces custom-engineered
finned tube heat exchange coils and related heat transfer products for a variety
of industries including fossil fuel and nuclear power generation, automotive,
industrial process and HVAC, and is located in Lynchburg, Virginia.
Buffalo Air Handling Division of Air & Liquid Systems Corporation produces
large custom air handling systems used in commercial, institutional and industrial
buildings and is located in Amherst, Virginia.
Buffalo Pumps Division of Air & Liquid Systems Corporation manufactures
a line of centrifugal pumps for the refrigeration, power generation and marine
defense industries and is located in North Tonawanda, New York.
All three of the divisions in this segment are principally represented by a
common independent sales organization and have several major competitors.
In both segments, the products are dependent on engineering, principally custom
designed, and are sold to sophisticated commercial and industrial users located
throughout the world.
0.18% 
124.15 %