Bethlehem Steel completes sale of Massillon, Ohio Facility
Bethlehem Steel Corporation
For Immediate Release
BETHLEHEM, Pa., January 14, 2000 -- Bethlehem Steel Corporation has completed the sale of its Washington Steel Division facility in Massillon, Ohio, to Massillon Stainless Inc.
Massillon Stainless Inc. is a company formed by Jindal Strips Ltd., the stainless arm of the Jindal Organisation of India and SB International, a Dallas-based company that trades in carbon and stainless steel.
The Massillon facility performs a wide range of services to add value to stainless steel sheet products.
The sale of this facility completes Bethlehem's divestiture, by sale, of all of the stainless steel assets that were acquired when Bethlehem merged with Lukens Inc. in May 1998. Bethlehem said at that time that it would continue to focus on its core carbon and alloy steel businesses, and would attempt to sell the stainless businesses.
Bethlehem credited the assistance of U.S. Representative Ralph Regula, Massillon Mayor Frank Cicchinelli, the office of Governor Bob Taft and the local and international leadership of the United Steelworkers of America for their help in completing the sale.