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I -------F,1r-i . -. <br />:.a 1n C'! <br />,·-----,_ :~~-s Offi c8 / <br />i ·' ' ------) <br />I /-l[_j[;• 1 1 ? ; <br />11 . Three high charge annealing intercovers with co . •at~d -~~r.i;f l.an~ rt'l/sed <br />d d . h d h d • -I I L. ~-'[, I\ J • ------/ an 1s e ea . •·--::'. t:.Pr· .,, . Uf\/[/'§'"-' <br />-. ·-·-._ 't)7~LffJ ::: <br />12 . Addition of a new shipping bay, to the existing facility in which th~-co RNo, IN <br />reducing mill is located, estimated to be approximately 3,600 square feet , for the purpose <br />of facilitating the loading and unloading of steel products for the mill. <br />It is expected that the improvements to the mill and the slitting line will take up to a year <br />to complete at a total cost of $3 ,913 ,000. This includes installation of the wall partitions in the <br />facility . The cost for the erection of the new shipping bay is expected to be approximately <br />$216,000. <br />The Company believes that improvement in the cold reduction mill will provide it with a <br />competitive advantage in the markets for cold reduced strip steel. To accommodate the <br />additional usage expected for the mill , the Company expects to add eight to ten additional <br />employees over a three year period once the project is complete. <br />G. Lerman <br />GL:ld