BNET Industries

Algoma Steel Inc.

ALG is in the Manufacturing Industry

Market Cap:$155.7M
Last Fiscal Year Sales:$1.8B
  • Public
  • CA
Dow Jones Description

Algoma Steel Inc. has been a mainstay of the North American steel industry for more than 100 years. Today our revenues are primarily derived from the manufacture and sale of hot and cold rolled sheet and plate. A fully integrated steel producer with a raw steel production capacity of approximately 2.8 million tons per year, Algoma's size and diverse capabilities enables us to deliver responsive, customer driven product solutions straight from the ladle to direct applications in the automotive, construction, energy, manufacturing, pipe and tube, and steel distribution industries. Algoma's cornerstone asset, the Direct Strip Production Complex, is the newest thin slab caster coupled with direct hot rolling in North America. The DSPC positions Algoma as one of the leading suppliers of high strength and light gauge steel. In addition, Algoma's Heat-Treated Plate facility provides a full range of high quality heat treated products for abrasion resistant, ballistic and other specialty plate applications. First stage configured blanks and large profile welded beams round out Algoma's product offering. Algoma Steel is ISO 9002, 14001 and QS9000 certified and recognized as an Industrial Energy Innovator - continuously improving energy efficiencies throughout the operation including the efficient use and recycling of water. The Company's renewed spirit and focus is reflected in our strengthening competitive and financial performance...

Chief Executive Officer
Armando Plastino
Number of Employees 3,200
Contact Information

105 West Street

Sault Sainte Marie, Ontario

algoma.com

(705) 945-2351

NAICS Code All Other Petroleum and Coal Products Manufacturing: 324199

News & Analysis

algoma steel inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Armando Plastino Chief Executive Officer
Madhu S. Vuppuluri President, Essar Americas
Amit Agarwal Chief Financial Officer, Essar Steel Americas
Clayton Driver Vice President, Information Technology and Chief Information Officer
Glen P. Manchester CFO & Vice President, Finance
Suneel Aradhye Chief Information Officer
Anil Agarwal Senior Vice President & Head, Procurement
Kalyan Ghosh Senior Vice President & Head Supply Chain Management
Manish Kedia Senior Vice President, Corporate Affairs
Praneet Mehrish Senior Vice President & Head Human Resources
Briane Doherty Vice President, Human Resources
Mark Nogalo Vice President Major Projects, Engineering, Construction & Services
Martin Pochtaruk Vice President, Business Development
Paul C. Finley Vice President, Business Planning and Corporate Secretary
Paul Royal Vice President
Pramod Shukla Vice President, Operations
Rob Dionisi Vice President Sales and Marketing
Sandeep Dixit Vice President, Finance
Shawn Koshowski Vice President, Operations Planning
Suresh Tanwar Vice President & Head Health Safety & Environment
Victoria Chiappetta Vice President, Legal
Akhil Dutta General Manager, Marketing & Business Development
B Ganesh Pai General Manager, Essar, India
Vikram Amin Executive Director, Sales and Marketing
Dilip Oommen Wholetime Director
John Naccarato Director, Market & Product Development
Mahadev Iyer Director (Finance)
Marie Kelly Assistant Director, United Steelworkers of America
Prashant Ruia Director of Essar Group, Mumbai, India
Ramesh Raina Director of Sales, United States
Rory Brandow Director of Sales, Canada
Brenda Stenta Manager, Corp Comm
Brenda Walker Manager of Sales
James Sin Sales Manager, Central U.S.
Jay Lack Manager
Kam Dosanjh Sales Manager, Central U.S.
Lisa Tomie Manager, Customer Service
Mark Mittleman Manager, Marketing
Rick Biemann Acting Business Manager
Rob Perin Manager
Tibor Turi Manager, Product Development
Wayne Hewton Manager, Business Development and Sales Administration
Tom Holder Controller
Alfea Chanas Channel Coordinator, Manufacturing and Welded Tubular
Brady Dunne Sales Representative
Christopher Ford Sales Representative
Darrol Martin Technical Sales Representative
Dave Leeming Sales Representative
Dave Rich Sales Representative
Drew Macklin Sales Analyst
Gordon Childs Technical Service Representative
Graham Smith Sales Representative
Jan Bielak Administrative, Executive Assistant
Jay Percy Sales Representative
Kevin Burman Sales Representative
Laurie Rankin Sales Representative
Lisa Dale Channel Coordinator, Automotive
Marty Cady Channel Coordinator, Construction and Heavy Fabrication
Mike Larson Sales Representative
Paul Smith Sales Representative
Paul Vomacka Technical Service Representative
Ralph German Sales Representative
Rob Deubel Technical Service Representative
Rob Hindermeier Technical Service Representative
Roman Horoszczak Technical Service Representative
Roman Mlynarczyk Sales Representative
Ron Entwistle Technical Service Representative
Scott Dewar Channel Coordinator, Automotive
Sharad Goel Group Head, Media Relations
Sudhir Punchhi Technical Service Representative
Susan Pegg Inside Sales Representative
Sylvia Parlowe Claims Supervisor
Ted Dumanski Technical Service Representative

Board of Directors

Name (plus bio) Position
Shashi Ruia Chairman of Essar Group, Mumbai, India
Alex Davidson Board of Directors
Alexander M. Davidson Board of Directors
Denis Turcotte Board of Directors
Francis Petro Board of Directors
Jatinder Mehra Board of Directors
John Kallio Board of Directors
Murray Nott Board of Directors
Ravi Ruia Vice Chairman of Essar Group, Mumbai, India
Steven Bowsher Board of Directors
Thomas Armstrong Board of Directors

Armando Plastino is a graduate of Ryerson University with a degree in Electrical Engineering Technology. He began his career with Algoma Steel in 1972. Since then, he has served in a series of varied and progressive positions including superintendent of electrical maintenance, superintendent of maintenance, director of plate business, director of sheet business, general manager of flat roll operations, vice president operations and most recently, as chief operating officer. Mr. Plastino was appointed Chief Executive Officer of Essar Steel Algoma on March 27, 2009.

Organization Position Status
Algoma Steel, Inc. Chief Executive Officer Current
Algoma Steel, Inc. Chief Operating Officer Former
Algoma Steel, Inc. Vice President, Operations Former
Ryerson University Degree In Electrical Engineering Technology Former

Organization Position Status
Algoma Steel, Inc. President, Essar Americas Current
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Chief Financial Officer, Essar Steel Americas Current

Organization Position Status
Algoma Steel, Inc. Vice President, Information Technology and Chief Information Officer Current
Algoma Steel, Inc. Senior Program Manager Current

Organization Position Status
Algoma Steel, Inc. CFO & Vice President, Finance Current
Laurentian University bachelor of commerce degree Former

Organization Position Status
Algoma Steel, Inc. Chief Information Officer Current

Organization Position Status
Algoma Steel, Inc. Senior Vice President & Head, Procurement Current

Organization Position Status
Algoma Steel, Inc. Senior Vice President & Head Supply Chain Management Current

Organization Position Status
Algoma Steel, Inc. Senior Vice President, Corporate Affairs Current

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Algoma Steel, Inc. Senior Vice President & Head Human Resources Current

Organization Position Status
Algoma Steel, Inc. Vice President, Human Resources Current

Mark Nogalo has been with Algoma since 1987 in a host of varied and progressive roles, most recently as Vice President, Major Projects, Engineering, Construction and Services. His expertise lies in energy management, asset reliability and the execution of capital projects. A professional engineer, Mark holds a Masters in Business Administration from Lake Superior State University and an undergrad in mechanical engineering from Queens University. As Vice President of Operations, Mark assumes accountability for primary and flat roll operations and quality and technical services in addition to a multitude of capital projects associated with Essar Steel Algoma's expansion to 4 million tons.

Organization Position Status
Algoma Vice President, Maj Projects, Engineering, Construction and Services Current
Algoma Steel, Inc. Vice President Major Projects, Engineering, Construction & Services Current
Lake Superior State University Masters In Business Administration Former

Organization Position Status
Algoma Steel, Inc. Vice President, Business Development Current
Algoma Steel, Inc. Director Former
University Corp. Former

Organization Position Status
Algoma Steel, Inc. Vice President, Business Planning and Corporate Secretary Current
The University of Western Ontario B.A. Former

Paul Royal joined Algoma Steel Inc. in April 2004 as vice president commercial. Mr. Royal came to Algoma from Orion Bus Industries where he held a variety of positions over his seven years with that company including executive vice president, vice president corporate affairs and corporate counsel. Mr. Royal practiced commercial law with Stikeman Elliott prior to joining Orion. He has experience in commercial operations, business development and legal affairs and holds a bachelor of law from Dalhousie University and a masters of business administration from the Ivey School of Business. Mr. Royal is based at Algoma Steel's Burlington office and is accountable for establishing and managing the commercial strategy for all existing and new products and services.

Organization Position Status
Algoma Steel, Inc. Vice President Current

Pramod Shukla has been with the Essar Group since 2003 as Vice President of Cold Rolling Mill and Downstream Complex. At Essar he has led the projects and operations functions. Previously he was with Tata Steel where he worked in a variety of roles and acquired deep knowledge and experience in flat roll operations, project management, equipment manufacturing for major projects, system automation, business process reengineering, TQM and quality systems. Pramod is a mechanical engineer from the Institute of Technology, Varanasi, India with a Masters in Business Administration from Xavier Labour Research Institute, Jamshedpur, India. As Chief Operating Officer at Algoma he assumes accountability for the performance of all operational areas including central services, supply chain management and environment, safety and emergency services.

Organization Position Status
Algoma Chief Operating Officer Current
Algoma Steel, Inc. Vice President, Operations Current
Tata Steel Former

Organization Position Status
Algoma Steel, Inc. Vice President Sales and Marketing Current
Algoma Steel, Inc. Director of Sales Former
Laurentian University Bachelor of Commerce Degree Former

Organization Position Status
Algoma Steel, Inc. Vice President, Finance Current
University of Delhi Bachelor of Commerce Former

Organization Position Status
Algoma Steel, Inc. Vice President, Operations Planning Current
Kimberly-Clark Corporation Former
Wilfrid Laurier University B.A. Former

Organization Position Status
Algoma Steel, Inc. Vice President & Head Health Safety & Environment Current

Organization Position Status
Algoma Steel, Inc. Vice President, Legal Current
Algoma Steel, Inc. General Counsel and Corporate Secretary Former
Osgoode Hall Law School Former

Organization Position Status
Algoma Steel, Inc. General Manager, Marketing & Business Development Current

Organization Position Status
Algoma Steel, Inc. General Manager, Essar, India Current

Organization Position Status
Algoma Steel, Inc. Executive Director, Sales and Marketing Current
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Wholetime Director Current

Organization Position Status
Algoma Steel, Inc. Director, Market & Product Development Current

Organization Position Status
Algoma Steel, Inc. Director (Finance) Current

Organization Position Status
Algoma Steel, Inc. Assistant Director, United Steelworkers of America Current
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Director of Essar Group, Mumbai, India Current
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Director of Sales, United States Current

Organization Position Status
Algoma Steel, Inc. Director of Sales, Canada Current
Algoma Steel, Inc. Manager Former

Organization Position Status
Algoma Steel, Inc. Manager, Corp Comm Current

Organization Position Status
Algoma Steel, Inc. Manager of Sales Current

Organization Position Status
Algoma Steel, Inc. Sales Manager, Central U.S. Current

Organization Position Status
Algoma Steel, Inc. Manager Current

Organization Position Status
Algoma Steel, Inc. Sales Manager, Central U.S. Current
Algoma Steel, Inc. Sales Representative Former

Organization Position Status
Algoma Steel, Inc. Manager, Customer Service Current

Organization Position Status
Algoma Steel, Inc. Manager, Marketing Current

Organization Position Status
Algoma Steel, Inc. Acting Business Manager Current

Organization Position Status
Algoma Steel, Inc. Manager Current

Organization Position Status
Algoma Steel, Inc. Manager, Product Development Current

Organization Position Status
Algoma Steel, Inc. Manager, Business Development and Sales Administration Current

Organization Position Status
Algoma Steel, Inc. Controller Current

Organization Position Status
Algoma Steel, Inc. Channel Coordinator, Manufacturing and Welded Tubular Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Technical Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Analyst Current

Organization Position Status
Algoma Steel, Inc. Technical Service Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Administrative, Executive Assistant Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Channel Coordinator, Automotive Current

Organization Position Status
Algoma Steel, Inc. Channel Coordinator, Construction and Heavy Fabrication Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Technical Service Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Technical Service Representative Current

Organization Position Status
Algoma Steel, Inc. Technical Service Representative Current

Organization Position Status
Algoma Steel, Inc. Technical Service Representative Current

Organization Position Status
Algoma Steel, Inc. Sales Representative Current

Organization Position Status
Algoma Steel, Inc. Technical Service Representative Current

Organization Position Status
Algoma Steel, Inc. Channel Coordinator, Automotive Current

Organization Position Status
Algoma Steel, Inc. Group Head, Media Relations Current

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Algoma Steel, Inc. Technical Service Representative Current

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Algoma Steel, Inc. Inside Sales Representative Current

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Algoma Steel, Inc. Claims Supervisor Current

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Algoma Steel, Inc. Technical Service Representative Current

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Algoma Steel, Inc. Chairman of Essar Group, Mumbai, India Current

Organization Position Status
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Board of Directors Current

Denis Turcotte began his term as president and CEO of Algoma Steel Inc. in September 2002. He came to Algoma Steel from Tembec Inc. where he served over 11 years in a variety of positions, most recently as president of the Paper Group and executive vice president of corporate development and strategy from 1999 - 2002. Prior to his time at Tembec, Mr. Turcotte led a group of employees that partnered with Tembec to purchase the Spruce Falls Paper Company from Kimberly Clark and the New York Times in 1991. Previously, he was with Kimberly Clark. A professional engineer, Mr. Turcotte also holds a masters of business administration from the University of Western Ontario. He was a winner of the "Top 40 Under 40 Award" in 1999, recognizing him as one of 40 people under 40 years of age chosen from across Canada based on accomplishments indicating vision, leadership, innovation and achievement. He also received the Lakehead University Alumni Honour Award in 2003 in recognition of outstanding achievements in business. Mr. Turcotte currently serves as a director with the Canadian Steel Producers Association.

Organization Position Status
Algoma Steel, Inc. Board of Directors Current
Algoma Steel, Inc. President and CEO, Algoma Steel Inc. Former
Kimberly-Clark Corporation Former
The New York Times Company Former
The University of Western Ontario Masters of Business Administration Former

Organization Position Status
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Board of Directors Current
Algoma Steel, Inc. CEO Essar Steel Holdings Ltd. Mumbai, India Former
Algoma Steel, Inc. Essar Global Steel Head, Mumbai, India Former

Organization Position Status
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Board of Directors Current

Organization Position Status
Algoma Steel, Inc. Vice Chairman of Essar Group, Mumbai, India Current

Organization Position Status
Algoma Steel, Inc. Board of Directors Current

Thomas (Tim) Armstrong (2001), Toronto, counsel to the McCarthy Tetrault law firm since 1993. Born in Toronto Dec. 3, 1931, he was chair of the Ontario Labour Relations Board 1974-76, deputy labour minister 1976-86, agent general for Ontario in Tokyo 1986-90, deputy minister of industry 1991-92 and consultant and adviser to the premier on economic development 1992-95. He is chief representative for Canada of the Japan Bank for International Co-operation and serves on the boards of Algoma Steel, Interlink Freight Systems and the Design Exchange.

Organization Position Status
Ontario Press Council Counsel Current
Design Exchange, Inc. Board of Directors Current
Algoma Steel, Inc. Board of Directors Current
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ALG $15.50 +0.02 (0.13% )
Volume 18,800
Shares Outstanding 10.0M
Market Cap 155.7M
Year High 18.040
Year Low 9.22
Earnings Per Share 0.72
P/E Ratio 21.5278
Dividend 0.24
Yield 1.5484
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