Profile: TMS International Corp (TMS.N)
15.53USD
1 Aug 2013
$-0.84 (-5.13%)
$16.37
$16.20
$16.20
$15.09
28,738
13,802
$17.29
$9.50
TMS International Corp. (TMS), formerly Metal Services Acquisition Corp., incorporated in October 2006, is a provider of outsourced industrial services to steel mills in North America. The Company provides a range of services through two segments: Mill Services Group and Raw Material and Optimization Group. The Mill Services Group segment includes scrap management and preparation; semi-finished and finished material handling; metal recovery and slag handling, processing and sales, and surface conditioning. The Raw Material and Optimization Group segment include raw materials procurement and logistics, and software-based raw materials cost optimization. The Company is a holding company controlled by Onex, and it operates through its wholly-owned subsidiaries, including its primary operating company Tube City IMS, LLC. It operates at 74 customer sites in nine countries across North America, Europe and Latin America, and its global raw materials procurement network spans five continents.
Mill Services Group
The Company provides mills with inspection, preparation and delivery of raw materials, primarily scrap, as well as inventory control through logistics management. Its services include receiving, inspecting, sorting, cleaning, shearing, burning, shredding and baling of primarily ferrous scrap and scrap substitutes (such as pig iron) according to customer specifications. The Company handles and transport semi-finished and finished steel products, such as steel slabs, billets and plates. The Company recycles and processes a steel making co-product, known as slag, to recover valuable metallic material that is either reused in the production of steel by the host mill or sold to other end users. The remaining non-metallic materials typically are sold to third parties as aggregates for use in cement production, road construction, agriculture and other applications. Surface conditioning is a value-added process that removes imperfections from semi-finished steel products to be used in high-value applications that require unblemished finishes, such as household appliances and automobiles. The services provided under this segment are performed at its customer sites under long-term contracts
Raw Material and Optimization Group
The Company operates a worldwide procurement and logistics network to act on behalf of its customers, purchasing approximately nine million tons of raw material inputs annually, including ferrous scrap, scrap substitutes, coke, coal, ferro-alloys and other raw materials used in steel making. In addition to sourcing raw materials for its customers, the Company arranges point-to-point delivery logistics, providing its customers with a seamless solution globally. Its software applications aid mills in the planning, procurement and utilization of ferrous scrap and scrap substitutes.
Other Services
The Company provides other services that complement its primary offerings and represent additional opportunities for steel mills to outsource other support activities. The services include dust and debris management, which provides services to its customers, including road watering, road sweeping and vacuum truck services; equipment rental services, which allows customers to benefit from its access to equipment at low cost, on-site synergies and maintenance expertise; mobile maintenance, which offers maintenance services for its customers’ mobile equipment that utilize its on-site maintenance resources; refractory removal, which offers furnace, ladle and vessel refractory removal services that utilize its specialized on-site equipment and skilled operators; vacuumation, which provides routine and emergency response vacuumation services to reclaim dry and liquid spillages, such as powder, slurry and water for re-use in the steel making process; and remove unwanted spillages from the customer’s site, and stevedoring, which offers stevedoring services to load finished products onto or unload raw materials from ships for its customers.
The Company competes with Harsco Corporation, Edward C. Levy Co., Nucor Corporation, Stein Steel Mill Services, Inc., Philip Services Corporation, Sims Metal Management, Phoenix Services, LLC, Phoenix Services, LLC, BIS, TSR Recycling, Gagneraud Industries SAS, Ortec Group, Getim, Recmix Belgium, DSU, Techint Group and Egon Evertz KG.
Company Address
TMS International Corp
12 Monongahela Avenue,
P.O. Box 2000
GLASSPORT PA 15045
P: +1412.6786141
F: +1302.6583694
Company Web Links
| Name | Compensation |
|---|---|
Joseph Curtin |
2,282,150 |
Raymond Kalouche |
2,232,160 |
Daniel Rosati |
1,125,250 |
J. David Aronson |
2,239,890 |
Leon Heller |
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