Steel And Tube Is A New Zealand Company Essay
Steel and Tube is a New Zealand owned company with over 60 years of trading history. Steel and Tube are the leading suppliers of steel product and steel services of New Zealand. The company’s distribution and service network is spread in 40 locations in all over New Zealand and is listed among the top 50 companies on the New Zealand Stock Exchange in terms of market capitalisation.
Steel and Tube contributes to New Zealand’s economy in all sectors. The supplies range from infrastructure development to commercial and residential construction. The company also covers the steel requirements of rural sector; the company has also achieved expertise from manufacturing to heavy and light engineering.
The company boasts of its expert team of people throughout New Zealand that offers specialist product knowledge and creative solutions across an extensive product range of steel, stainless steel, piping, roofing, purlins, reinforcing, mesh, chain and rigging, fasteners, industrial products and more.
The result of the last full financial year, year ended 30th June 2013 showed a decline in the sales by 3 percent to $393 million that means a decrease of $12 million. On the other hand, the group profit was increased to $15.6 million as compared to $13.1 million in the previous year. The company believes that the profits soared because of the global steel prices and also because of the continuous focus on the company’s cost control.
The share prices on the New…