Commercial Metals Inc. One of the three largest long products manufacturers in the United States (CMC), announced that it has acquired Tensar, the world leader in soil reinforcement and mechanical stabilization, for $550 million. In Russia, the company is located in St. It produces a geogrid at a plant in St. Petersburg.
According to CMC CEO Barbara Smith, the acquisition will enable the company to enter the value-added market and strengthen its focus on supplying the construction industry.
Significantly stimulated the American flat products industry for the implementation of infrastructure projects. Nucor Corporation, a competitor to CMC, has announced its intention to build a new rebar mill, and Liberty Steel USA will return its wire rod mill, which has been idle since 2020, in January.
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