Reiss Industries, Ltd.: Difference between revisions
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Public | |
Traded as | PSE: RIL |
Industry | Steel and Iron |
Founded | July 21, 1883 |
Founder | Harold Reiss |
Headquarters | Dakos, Belhavia |
Area served | Worldwide |
Key people | Norm Reiss (President; CEO; Chairman of the Board) Noah Stein (General Counsel) |
Products | Flat-rolled steel Tubular steel |
Services | Consulting |
Revenue | $17.64 billion (FY 2015) |
$356 million (2015) | |
$498 million (2015) | |
Total assets | $14.56 billion (2015) |
Total equity | $3.89 billion (2015) |
Number of employees | 43,210 (2015) |
Reiss Industries, Ltd. is an Belhavian integrated steel producer with major production operations worldwide, including in Tippercommon, Rodarion, Arthurista, and Karinzgrad. It is headquartered in Dakos, and is the 3rd largest steel producer in Belhavia and in the top 20 globally. It is the largest company domestically to utilize electric arc furnance technology rather than blast furnances. Originally the largest steel producer in southern Pardes in the 1950s and 1960s, Reiss Industries underwent downsizing in the 1970s and 1980s, and saw its market capitalization steadily decline until the early 2000s, when rising demand in the Far East has revitalized the company's profits.