Tube City IMS Announces Promotions

PITTSBURGH, July 21 /PRNewswire/ -- Tube City IMS Corporation, a provider of products and services to steel mills and foundries globally, announced today the promotion of three executives.

Joseph Jung has been promoted to Vice President – European Operations. He will be responsible for the Company's mill services operations in Europe and will be based in France. Prior to his promotion, Mr. Jung had been Vice President – Scarfing/Metal Recovery at the Company's operation in Middletown, Ohio. Mr. Jung joined the Company in 1987 and has held various positions of increasing responsibility in the Operations department. He will continue his responsibility for the Company's global surface conditioning operations.

Pascal Martin has been promoted to General Manager and will be responsible for the Company's U.S.-based surface conditioning operations. He returns to the United States after nearly three years at the Company's site in Kosice, Slovakia, directing the successful startup of the surface conditioning operation. Mr. Martin joined the Company in 1987 and has held various positions of increasing responsibility in the Operations department at the Company's operations in Ohio, Indiana, Pennsylvania and Michigan. He will be based at the Company's office in Chicago.

Jean-Claude DeMay has been promoted to Site Manager of the Company's surface conditioning operation in Kosice, replacing Mr. Martin. Prior to his promotion, Mr. DeMay was Superintendent of Scarfing and Metal Recovery at the Company's operation in Claymont, Delaware. Mr. DeMay joined the Company in 1987 and is relocating to Kosice.

The Company also announced that Andy Torn has joined the Company's subsidiary, Tube City IMS UK, based on Scunthorpe, England, as Operations and Commercial Manager. Prior to joining the Company, he worked at Corus, a Tata Steel Group company, in the UK.

"I am delighted to announce the promotions of Joseph, Pascal and Jean-Claude and to welcome Andy to the team," said William Miller, Executive Vice President -- Operations, Tube City IMS. "All are dedicated, hard working professionals with extensive experience and insight. We look forward to their continued contributions to the Company."

About Tube City IMS

Tube City IMS, is the largest provider of outsourced industrial services to steel mills in North America and has a substantial and growing international presence.  The Company provides services at 74 customer sites in nine countries and operates a global raw materials procurement network. More information about Tube City IMS is available at the Company's website, www.tubecityims.com.

Certain information in this news release contains forward-looking statements with respect to our financial condition, results of operations or business or our expectations or beliefs concerning future events. Such forward-looking statements include the discussions of Tube City IMS Corporation's business strategies, estimates of future global steel production and other market metrics and our expectations concerning future operations, margins, profitability, liquidity and capital resources. Although Tube City IMS believes that such forward-looking statements are reasonable, we cannot assure you that any forward-looking statements will prove to be correct. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different. Additional information relating to factors that may cause actual results to differ from our forward-looking statements can be found in our Quarterly Report and our Registration Statement on Form S-1. Tube City IMS undertakes no obligation to update or revise forward-looking statements after the day of the release as a result of new information, future events or developments except as required by law.

SOURCE Tube City IMS Corporation