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Heavy Industry, Steel & Plastics

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Recent years have brought increasing challenges to the heavy industry, steel and plastics industries. Global, lower-cost competitors have put increasing pressure on profit margins in the U.S. and in emerging markets.

While an improving economy has helped matters, challenges remain. At Conway MacKenzie we advise companies and stakeholders in the heavy industry, steel and plastics industries of the risks and rewards they face.

Our professionals combine hands-on experience in the heavy industry, steel and plastics industries with broad training and expertise in business management. From turnarounds to transactions, Conway MacKenzie assists heavy industry, steel and plastics companies to overcome the challenges of the day and grow profitably.

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View Select Case Studies
Building a Strong Foundation

The Engagement

Conway MacKenzie worked with the fourth largest flat-rolled integrated steel maker in the United States with over $3 billion in annual sales and over 8 million tons of steelmaking capacity during its Chapter 11 proceedings. The primary industrial markets served by the company included the construction, appliance, container, converter, service center, pipe and tubing and automotive markets.

Our Role

In compliance with its DIP agreement the company retained a Conway Mackenzie professional as its Chief Restructuring Officer to guide it through the Chapter 11 process. The DIP agreement also contained various sale process milestones and deadlines which required the company to, among other things, sell its fixed assets.

The Result

Conway MacKenzie has been instrumental in navigating the company through its complex bankruptcy and expedited sale process. Through the restructuring process hundreds of millions of dollars of working capital have been realized and over $100 million of fixed assets sales have been completed.

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