TPI July 2011

news business & market

Bushwick Metals announces three promotions President of Bushwick Metals LLC, Rick Perlen, has announced the promotion of three executives.

Koons Steel. He is responsible for sales, purchasing and administrative functions. Mr Lichtman started at Bushwick Metals in 1998, and was most recently the regional director of Bushwick-Fisher and Bushwick-Koons. He holds an associate degree from the City University of New York. “Bushwick’s growth and optimism for the future are largely due to talented leaders like these men,” said Mr Perlen. “They have each demonstrated outstanding performance throughout their tenure with the company.” Bushwick Metals LLC, based in Bridgeport, Connecticut, USA, is a distributor of carbon steel, hi-strength- low alloy steel, stainless steel, and speciality products. The firm is an affiliate of Marmon/Keystone LLC of Butler, Pennsylvania, a distributor of steel and aluminium tubular products. Both firms are Marmon Distribution Services/ Berkshire Hathaway companies and members of The Marmon Group, an international association of 130 business units that operate independently within diverse business sectors. Bushwick Metals LLC – USA sales@bushwickmetals.com www.bushwickmetals.thomaswebs.net Investment success Ilta Inox, an Arvedi Group company that operates in the stainless steel tube sector, closed its 2010 balance sheet with a turnover that has risen to €200mn. A €50mn investment programme concluded in 2010 helped the company to become one of the world’s most important laser-welded stainless steel tube manufacturers, with a capacity of over 70,000 tons/year. The investments mainly concerned the modernisation of the welding lines and annealing and pickling plants, and have ensured a 30% increase in productivity.

John Schudy has advanced fromdirector of operations, a post he has held since starting with Bushwick in 1997, to vice president of operations. He will oversee operations at all of Bushwick’s facilities. Mr Schudy obtained his bachelor’s degree in industrial distribution from Clarkson University, and also holds an MBA in strategic management from Pace University. Stewart Lichtman is now the regional commercial vice president of Bushwick- Fisher Steel Company and Bushwick-

Gary Magnotti is promoted to vice president of finance/controller. In this position, he will oversee accounting, human resources, credit and information systems for Bushwick’s 12 facilities. Mr Magnotti joined Bushwick in 2004 as the company controller, and holds a bachelor’s degree in accounting from Bryant College.

Ilta Inox SpA – Italy sales@ilta.arvedi.it www.arvedi.it

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