A. M. Castle & Co. Expects Strong End Markets in 2006
22 Dezembro 2005 - 7:09PM
PR Newswire (US)
As Announced on December 22, 2005 Interview on Bloomberg TV
FRANKLIN PARK, Ill., Dec. 22 /PRNewswire-FirstCall/ -- A. M. CASTLE
& CO. (AMEX:CAS), a North American distributor of highly
engineered metals and plastics, today announced expectations for
strong end markets in 2006 during an interview on Bloomberg TV. "We
expect the durable goods markets to remain strong through 2006, and
metal pricing, on average, to plateau at 2005 levels," said G.
Thomas McKane, Chairman and CEO of A. M. Castle & Co. during an
interview on Bloomberg TV, Thursday, December 22, 2005. "I would
not be surprised to see 2006 volume growth in the 4-6% range," he
noted. "End markets we expect to show particular strength are the
oil and gas, aerospace, mining and heavy equipment sectors," McKane
went on to note. Founded in 1890, A. M. Castle & Co. provides
highly engineered materials and value added services to a wide
range of companies within the producer durable equipment sector of
the economy. Its customer base includes many Fortune 500 companies
as well as thousands of medium and smaller-sized firms spread
across a wide spectrum of industries. Within its core metals
business, it specializes in the distribution of carbon, alloy and
stainless steels; nickel alloy; aluminum; copper and brass. Through
its subsidiary, Total Plastics, Inc., the Company also distributes
a broad range of value-added industrial plastics. Together, Castle
operates over 60 locations throughout North America. Its common
stock is traded on the American and Chicago Stock Exchange under
the ticker symbol "CAS". DATASOURCE: A. M. Castle & Co.
CONTACT: G. Thomas McKane, Chairman & C.E.O., of A. M. Castle
& Co., +1-847-349-2502, ; or Analysts, Katie Pyra of Ashton
Partners, +1-312-553-6717,
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