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Schnitzer Steel Industries
Schnitzer Steel Industries, Inc. is an American steel manufacturing company headquartered in Portland, Oregon. Founded in 1906, the company deals mainly in recycled steel. In 2004, the company was ranked fourth in ''The Seattle Times'' Northwest 100 list of public companies.〔Eclectic group tops ranking of the region's strongest public companies. ''The Seattle Times'', June 4, 2004.〕 As of 2006, it was the tenth largest public company in Oregon by market capitalization.〔(''The Oregonian'' Top 50, July 2, 2006 )〕 In 2007, Schnitzer ranked 901st on the Fortune 1000 list of the largest companies in the United States with annual revenues of $1.85 billion.〔(Fortune 500: Oregon. ) CNNMoney. Retrieved on April 19, 2007.〕
==History==
Founded in 1906 by Sam Schnitzer, the company started as a one-person scrap metal recycler.〔(2006 Annual Report. ) Schnitzer Steel. Retrieved on April 19, 2007.〕 In 1946, the company incorporated. The company went public in 1993 in an Initial Public Offering (IPO) of $18 per share for 2,750,000 shares.〔Initial Public Offering of Class A Common. ''S&P Daily News'', November 17, 1993.〕
In 2005, Schnitzer Steel acquired GreenLeaf Auto Recyclers, LLC and Regional Recycling LLC.〔 The company also purchased Maine Metal Recycling in 2005, a major ferrous and non-ferrous buyer based out of Auburn, Maine. The company purchased Max Cohen and Sons, a metals recycler based in New Hampshire, in December 2006.〔(Schnitzer Steel closes deal for recycler. ) ''Portland Business Journal'', December 15, 2006.〕 By the end of 2006 Schnitzer operated 28 facilities in 11 states,〔 and by December 2007 increased the number of facilities to 34.〔(Schnitzer Steel announces financial executive changes. ) ''Portland Business Journal'', December 7, 2007.〕 That month the Securities and Exchange Commission levied charges against former chairman and CEO Robert Philip for allegedly violating bribery laws as part of the Foreign Corrupt Practices Act in relation to dealings with Chinese steel mills.〔Kenney, Brad. (Scrapping With the Chinese: Schnitzer Steel Industries. ) ''IndustryWeek'', March 6, 2008.〕 In 2008, Tamara Lundgren became the chief executive officer with John Carter leaving that position to become the chairman of the board.〔 The Schnitzer family had maintained control of the corporation through supermajority voting rights until January 2010, when family members had sold off stock and dropped their stake in the company to less than 20 percent.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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