$4 million expansion at Steel Technologies well underway

Woodstock steel company calls Beards Lane home
Larger location translates into more auto-related jobs locally

By Mark Schadenberg

In the spring of 2005 it was announced Toyota would be building a massive manufacturing facility in Woodstock to be a satellite or sister factory to its Cambridge plant.

In the spring of 2005 it was further announced that Woodstock and its neighbouring communities would receive a boost in industry and employment with the arrival of many car-related jobs. At this point, I know Ingersoll, Stratford and Simcoe have all been winners in the reel-in commerce happenings.

Nine years later, the dream has become a reality as today I'm behind a keyboard promoting the expansion of Steel Technologies on Beards Lane (see picture).

As a quick aside, I know that particular road takes heavy-vehicle traffic, but I hope it's on the City's engineering department top 20 list for a refurbishment and widening for a centre turn lane.

You can wander around the worldwide web and find details about every multi-national corporation operating in The Friendly City, and many of these companies are quite large, especially Sysco (www.sysco.ca), which recently opened on Parkinson Road in the Commerce Way Park.

Steel Technologies (www.steeltechnologies.com) is no different.

Their website notes their trademark:

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For more than 40 years, Steel Technologies has been an industry leader in flat-rolled steel processing. We custom produce the highest quality flat-rolled steel products to our customers' exact specifications. No one does it better.

Steel can be formed into nearly any shape, yet almost nothing is stronger or more reliable. The same is true for your partnership with Steel Technologies. Our loyalty to our customers is as strong as the steel products we produce for them.

At Steel Technologies, “commitment to quality” isn’t a cliché. It’s the foundation of everything we do. We hold our products, our people and our service to the highest possible standard. Our customers deserve nothing less.

Steel Technologies – Our excellent safety record is no accident.

Superior Steel – Endless Possibilities

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With its headquarters in Louisville, Kentucky, Steel Technologies has 12 U.S. locales and two in Canada (Woodstock and you guessed it. . Cambridge). 

The addition at its Woodstock facility is growing quickly. I'm not sure about overall square footage, but I would say they are adding about 40% to their current building.

I'm sure the construction project has the folks at the City's development office pumped (www.cometothecrossroads.com) as Len Magyar and Brad Hammond can now add another line to their impressive resumes. 

Here's more on Steel Technologies:

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At Steel Technologies, we transform flat-rolled steel into products that meet the exact specifications of customers in a dynamic range of industries from automotive parts to agriculture equipment to consumer goods. As a growth-oriented company, we know that our success depends on the success of those we serve. That’s why “excellence,” “quality,” “safety,” and “commitment” are not just industry buzzwords at Steel Technologies— they are how we conduct our daily business.  Founded in 1971 our first plant was located in Eminence, Kentucky and is still a core manufacturing location today. Steel Technologies successfully completed an IPO in 1985 and was traded on the NASDAQ stock market. In 2007 Steel Technologies merged with Mitsui & Co (U.S.A.), Inc., a wholly owned subsidiary of Mitsui & Co., LTD. In 2010 Mitsui formed the new joint venture with Nucor Corporation named “NuMit”, which now owns 100% of Steel Technologies. From our headquarters in Louisville, Kentucky, Steel Technologies LLC currently operates 24 facilities strategically located throughout the United States, Canada and Mexico.  Our robust North American platform employs more than 1,300 people, produces over $2.0 billion in annual sales, and allows us to offer supply chain solutions and logistical advantages unmatched in our industry today. At Steel Technologies we are not only proud of where we have started, but we are extremely excited about building into the future. We look forward to serving our customers for many years to come.        ()()()()()()

The City of Woodstock building permit report for 2013 from a February city council agenda (Story reported on here in February) noted that the 2013 construction season included $152 million in value of projects, and that $4 million of that amount could be attributed to Steel Technologies. Wow!

The only years higher in Woodstock history would be 2007 ($317 million) and 2008 ($250 million).

Congratulations to Steel Technologies as I can see from the photo which I took, the steel is going up for your planned Woodstock addition.

Mark Schadenberg, sales rep

Royal LePage Triland Realty

Woodstock is where I live

I'm also proud to have 15 full-time years experience as a Realtor