Schuff Steel Company Reaches a Major Milestone at L.A. Live
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Tops Out Conference Center and Cinemas
LOS ANGELES--(Business Wire)--
Schuff Steel Company reached a major milestone as it topped out
the Conference Center and Regal Cinema movie theater complex at L.A.
Live--the largest development in Los Angeles' history. Schuff Steel
Company is part of Schuff International, Inc. (OTC: SHFK), the largest
steel fabrication and erection company in the United States.
L.A. Live is a mixed-use development on 27 acres in downtown Los
Angeles that includes sports and entertainment venues, luxury hotels,
businesses, conference center, Regal Cinema movie theater complex,
retail, restaurants, condominium and apartment towers, and the Nokia
Theater.
Schuff and the general contractor, PCL Construction Services,
Inc., hoisted the final beam and the traditional evergreen tree to the
top of the Conference Center to mark the construction milestone.
Approximately 300 people participated in the event.
Schuff Steel's scope of work included detailing, fabrication and
erection of 4,600 tons of structural steel for the 550,000 square foot
Conference Center and Regal Cinema movie theater complex. Schuff
started erection on April 17, 2008 and is scheduled to complete
structural steel and metal deck in October 2008. Steel fabrication was
performed in Schuff's Phoenix and Flagstaff, Arizona plants.
"This will be an exciting venue for California visitors and
residents to enjoy for many years to come. Schuff Steel is extremely
proud that we were part of this monumental project," said Ryan Schuff,
president and CEO of Schuff Steel Company.
From 2005 to 2007, Schuff's California operations have experienced
significant growth due to strong demand for the company's
design-build/design-assist and 3D modeling/BIM solutions. Schuff's
California offices are located in Newport Beach, Oakland and San
Diego.
About Schuff International, Inc.
Schuff International, Inc. (OTC: SHFK) and its family of steel
companies is the largest steel fabrication and erection company in the
United States. The 32-year-old company is experiencing record growth
with major projects in progress throughout the country. Schuff offers
integrated steel construction services from a single source.
Professional services include design-build, design-assist,
engineering, BIM participation, 3D steel modeling/detailing,
fabrication, advanced field erection, joist and joist girder
manufacturing, project management, and single-source steel management
systems. Major market segments include industrial, public works,
bridges, health care, gaming and hospitality, convention centers,
stadiums, mixed-use and retail, transportation, and international
projects. Schuff International, Inc., which is headquartered in
Phoenix, AZ, owns and operates eight steel fabrication plants and two
steel joist manufacturing plants.
Companies include Schuff Steel Company located in AZ, NV and CA;
Schuff Steel-Midwest Division located in Overland Park, KS, Ottawa,
KS, and Denver, CO; Schuff Steel-Gulf Coast, Inc., located in Houston,
TX; Schuff Steel-Atlantic, Inc., located in Orlando, FL, Albany, GA
and Atlanta, GA; Schuff Steel Management Company-Southwest, Inc.,
located in Gilbert, AZ; and Quincy Joist Company located in Quincy, FL
and Buckeye, AZ. Schuff employs approximately 2,000 people throughout
the country. For more information, visit www.schuff.com.
Certain statements in this news release may contain
forward-looking information within the meaning of the Private
Securities Litigation Reform Act of 1995, and are subject to the safe
harbor created by those rules. All statements, other than statements
of fact, included in this release, including, without limitation,
statements regarding potential future plans and objectives of the
company are forward-looking statements that involve risks and
uncertainties. There can be no assurance that such statements will
prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. These risks and
uncertainties include, but are not limited to, the company's ability
to successfully and timely complete construction projects; the
company's ability to convert backlog into revenue; the potential
delay, suspension, termination, or reduction in scope of a
construction project; the continuing validity of the underlying
assumptions and estimates of total forecasted project revenues, costs
and profits and project schedules; the outcomes of pending or future
litigation, arbitration or other dispute resolution proceedings; the
availability of borrowed funds on terms acceptable to the company; the
ability to retain certain members of management; the ability to obtain
surety bonds to secure its performance under certain construction
contracts; possible labor disputes or work stoppages within the
construction industry; the ability of project owners to obtain
financing for projects; and actions taken or not taken by third
parties, including the company's customers, suppliers, business
partners, and competitors and legislative, regulatory, judicial and
other governmental authorities and officials. The company cautions
that these forward-looking statements are further qualified by other
factors. The company undertakes no obligation to publicly update or
revise any statements in this release, whether as a result of new
information, future events or otherwise.
Papagalos Strategic Communications
Ann Papagalos
P) 602-279-2933, Ext. 105 / C) 602-702-0524
E-mail: ann@papagalos.com
Copyright Business Wire 2008
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