Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

Allied Tube & Conduit Corp. Makes $30 Million Investment in Flagship Facility Expansion

Thu. November 05, 2009; Posted: 01:24 AM
Stocks RSS
Nov 05, 2009 (Close-Up Media via COMTEX) -- TYC | Quote | Chart | News | PowerRating -- Allied Tube & Conduit Corp., a business within Tyco Electrical & Metal Products (TEMP) - which is a segment of Tyco International, announced the grand opening of a 514,000 square-foot expansion of its manufacturing center in Harvey, IL.

The $30 million investment will double the size of the existing facility and is expected to be complete by early 2010. Marking what will be the company's first LEED-certified project, the facility's technology will streamline manufacturing, warehousing and distribution, creating efficiencies that enable it to better serve customers in the surrounding community and across North America.

"Building on a half-century of innovation, Allied's people, products and processes have helped to reshape the tube and conduit industry, and we are proud to celebrate today's expansion in Harvey as a renewed commitment to our employees, customers and the community at large," said Nelda Connors, president Tyco Electrical & Metal Products. "The Harvey community has played a key role in our success, and our investment in this facility not only positions us to better serve our customers, but also to strengthen our roots in the community for years to come."

In addition to technological advancements in warehousing and distribution, the new space will make room for additional capacity and capabilities in Harvey for steel coil slitting, gage reduction, roll forming, threading, product packaging and other secondary operations. It will also improve railroad spur service and inbound and outbound truck loading and traffic lanes, enhancing order fulfillment and processing.

The expansion project also reflects Tyco's commitment to sustainable business practices, meeting enough LEED requirements for new construction to achieve a Silver certification. Most notably, it incorporates sustainable architectural design features, environmentally friendly construction practices and building products and energy-efficient systems that benefit both indoor and outdoor environmental quality.

"Since pioneering the process of in-line galvanizing in 1959, Allied has remained dedicated to advancing the industry while saving our customers valuable time and money," added Connors. "In the same spirit on which the company was founded, we'll continue to seek opportunities to improve the quality of our products and services, lower manufacturing costs and build on our trusted global brand."

((Comments on this story may be sent to newsdesk@closeupmedia.com))

For full details on Tyco International Ltd New (TYC) click here. Tyco International Ltd New (TYC) has Short Term PowerRatings of 5. Details on Tyco International Ltd New (TYC) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [TYC]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.