[Congressional Record Volume 161, Number 54 (Wednesday, April 15, 2015)]
[Extensions of Remarks]
[Pages E502-E503]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




   CELEBRATING THE 100TH ANNIVERSARY OF THE COMMERCIAL METALS COMPANY

                                 ______
                                 

                          HON. KENNY MARCHANT

                                of texas

                    in the house of representatives

                       Wednesday, April 15, 2015

  Mr. MARCHANT. Mr. Speaker, I rise today to celebrate 100 years of a 
prosperous business model and the strong work ethic of the Commercial 
Metals Company (CMC), a metals company founded in 1915 in Dallas, 
Texas.
  CMC is celebrating its 100th anniversary of business this year. This 
company started out in Dallas, Texas as a single operation in 1915 by a 
Russian immigrant named Moses Feldman. What began as a local recycling 
business grew into one of the top domestic steel manufacturers, 
fabricators and metals recyclers. CMC today is a Fortune 500 global 
metals company with operations in more than 20 countries with almost 
200 facilities. It is an honor to have such a successful homegrown 
business in my district.
  This impressive company wasn't always so prosperous and fortunate; 
like many businesses, there were lean times and great difficulties it 
had come in contact with. The stock market crash of 1929 slowed down 
CMC's plan for growth as it did the rest of the nation, but by the 
1930s it was ready again to thrive.

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The company clawed out of the economic hard times before exporting 
scrap iron to international markets. CMC also contributed hard work and 
necessary services to America's war effort during WWII. As Americans 
were instructed to take all scrap metal to be recycled for guns, tanks 
and ships, CMC used this as a means of helping and becoming part of the 
massive surge in manufacturing and producing on behalf of the war 
effort.
  Structural Metals Inc. (SMI) played a significant part in CMC's 
success by aiding its domestic presence. SMI was founded in Seguin, 
Texas and was a building block for CMC's domestic steel manufacturing 
operations. CMC became the first secondary metals company to be listed 
on a major stock exchange in 1960. In 1963 CMC obtained a stake in SMI 
and entered into steel manufacturing. In the 1970s and 1980s CMC added 
several other aspects of the steel industry to its already impressive 
resume. With such expansion and growth CMC became a Fortune 500 company 
and never looked back. Again, I'm thankful to have a company with such 
history within my district.
  Mr. Speaker, it is a pleasure to recognize the 100th anniversary of 
the Commercial Metals Company. I ask all of my distinguished colleagues 
to join me in celebrating this milestone in the company's history.

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