Press Releases

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Valley Farm Way, Stourton
100% Leeds Expansion for ASD metal services
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 The company, located at Valley Farm Road, Stourton, has confirmed that they have secured a new 15 year lease upon the adjoining 200,000 sq. ft. premises which will give the company a combined facility of some 400,000 sq. ft.Kaha Avaliani, CEO of ASD metal services said “The acquisition of the adjoining premises will enable us to centralise our stock holding activities and increase efficiencies within our distribution chain. The new facility will also allow us to carry a greater range of stock items and through the installation of new machinery offer a new service to our existing and future customer base”.The expansion will centralise the company’s structural steel portfolio and is a part of ASD metal services continued expansion plans to take advantage of the economic recovery and the increased demand for steel products.The letting was undertaken on behalf of the Landlord Threadneedle Property Investments by Gent Visick, the Leeds based Industrial Agency specialists, whilst Edward Symonns & Co acted on behalf of ASD metal services.Andrew Gent from Gent Visick said “It is encouraging to see a company such as ASD metal services preparing for the up turn, investing in their Leeds’ facility and looking to create new jobs in the future. The unit is well suited to ASD metal services’ operational requirements having been purpose built for steel stockholding operations”.Richard Corby of Edward Symonns commented “The opportunity for ASD metal services to acquire the adjoining premises was one which our client could not pass up. The property was purpose built for steel stockholding in the 1970’s and had been extended in the 1980’s. The new combined facility will enable our client to provide an enhanced service to their customers”.About Klöckner & Co
Klöckner & Co is the largest producer-independent distributor of steel and
metal products in the European and North American markets combined. The
core business of the Klöckner & Co Group is the storage and distribution of
steel and non-ferrous metals. Approximately 178,000 customers are supplied through over 250 distribution locations in 15 countries across Europe and North America. During the fiscal year 2009, the Company achieved sales of approximately €3.9 billion. The shares of Klöckner & Co SE are admitted to trading on the regulated market segment (Regulierter Markt) of the Frankfurt Stock Exchange (FrankfurterWertpapierbörse) with simultaneous admission to the sub-segment to the regulated market with further post-admission obligations (Prime Standard). Klöckner & Co shares are listed in the MDAX® Index of Deutsche Börse. ISIN: DE000KC01000; WKN: KC0100; Common Code: 025808576.
   
 
   

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