Schuff International, and its collection of steel fabrication companies, comes on strong. Operating through Schuff Steel and other subsidiaries, the integrated steel fabrication and erection company is one of the leading steel erectors in the US. It offers steel construction services including design/build, engineering, computer modeling, fabrication, joist and girder manufacturing, and project management. Its portfolio of projects includes office buildings, sports arenas, hotels and casinos, hospitals, mines, bridges, and power plants. The group also fabricates water pipes, water storage tanks, and other equipment. Schuff operates nine steel fabrication plants in Arizona, Texas, Kansas, Georgia, and Florida.
Continued weakness in the commercial construction industry led to lower revenues for Schuff. Sales were down by more than 30% in 2010. Revenues increased the following fiscal year. However, net income was down. Schuff remains optimistic that a recovery in the construction business will lead to new growth.
Mostly, Schuff is looking to grow outside of its home market of Arizona, which was especially hurt by the economic downturn. In efforts to tap into new markets Schuff Steel expanded its fabrication and erection services to the New York City metropolitan area in 2012 by opening an office in New Jersey.
The company also is taking advantage of growing demand in the renewable energy sector. Schuff plans to build a wind tower manufacturing plant. It was originally planned to be in North Dakota, but the company announced in 2011 that the plant will be built in Kansas. The 200,000-sq.-ft. facility will have the capacity to produce up to 300 towers a year. The project was announced shortly after the company qualified for a $7 million federal clean energy manufacturing tax credit.
In addition to energy projects, Schuff Steel has looked to work in the health care, and industrial markets as a way to weather the economic downturn, which put the breaks on other construction projects. Higher revenues in those markets have helped the company offset losses in other sectors (such as hotels and casinos) that have suffered a major slump due to the recession.
Schuff has also been building its international operations, especially in Latin America where it has completed numerous projects. In 2011 the company partnered with Panamanian construction products firm Hopsa to establish a joint venture specializing in structural steel fabrication and erection services in Central and South America. Schuff and Hopsa have worked together on high-rise contracts.
Other key projects that Schuff has been a part of include the Glendale Spring Training Facility for the Los Angeles Dodgers and the Chicago White Sox, built entirely with American recycled steel. Schuff also built the ADT Event Center in Carson, California, which is part of the US Olympic training center. Schuff also is working on the Florida Marlins Ballpark.
Chairman David Schuff and son Scott founded Schuff International in 1976. The company continues to be run by the Schuff family. – less
14 salaries reported
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