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The neutrality of this article is disputed. (June 2011) |
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| Type | Public |
|---|---|
| Traded as | NYSE: AP |
| Industry | Steel |
| Founded | 1929 |
| Headquarters | Pittsburgh, Pennsylvania |
| Key people | Robert A. Paul, Chairman and CEO |
| Products | rolled steel steel plating coils pumps |
| Revenue |  US$299M (FY 2009)[1] |
| Operating income | US$46.7M (FY 2009)[1] |
| Net income | US$27.8M (FY 2009)[1] |
| Total assets |  US$472M (FY 2009)[2] |
| Total equity | US$179M (FY 2009)[2] |
| Employees | 1,300 |
| Website | www.ampcopgh.com |
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania.[3] It is one of several companies to bear the Ampco name, and it should not be confused with the Chicago-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small companies operate under the Ampco umbrella in two different product segments.
About the Company [edit]
The Forged and Cast Rolls portion of the corporation includes two companies: Union Electric Steel and Davy Rolling Company.[4][3] Union Electric is the world's largest producer of rolled steel, which is used in the cold rolling process of making many metals. The subsidiary offers a variety of grades of thickness and hardness for the product. Davy Rolling Company, a former British corporation, creates cast rolls, heavy duty rolls, and specialty rolls.
The Air and Liquid Processing Segment of the company comprises Aerofin, Buffalo Air Handling, and Buffalo Pumps.[4] Aerofin creates steel coils for use industrially in power plants and oil extraction and commercially in automobiles, and heating/cooling systems. Under Buffalo Air Handling, metal plating, parts, and fans for huge ventilation and refrigeration systems are manufactured. Buffalo Pumps is the maker of a variety of pumps for various industries.
In 2008, their chairman & CEO, Robert Paul, became a minority partner in the Pittsburgh Steelers, purchasing a minority stake in order to keep controlling ownership within the Rooney family.[5] Paul and his family acquired a 16% stake in the team as part of the deal, though the Rooney's will remain as primary owners.
References [edit]
- ^ a b c Ampco-Pittsburgh (AP) annual SEC income statement filing via Wikinvest.
- ^ a b Ampco-Pittsburgh (AP) annual SEC balance sheet filing via Wikinvest.
- ^ a b http://www.nyse.com/about/listed/lcddata.html?ticker=AP AP
- ^ a b AP - Ampco-Pittsburgh Corp. - Google Finance
- ^ ESPN - NFL approves Rooney's ownership plan
External links [edit]
- www.ampcopgh.com Company Web Site
- www.aerofin.com Aerofin Web Site
- www.buffaloair.com Buffalo Air Web Site
- www.buffalopumps.com Buffalo Pumps Web Site
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