Friedman Industries Inc (FRD) Sector
Materials

(Current) $18.44
0.13 (0.71%) Open Price: 18.44

 

Friedman Industries Inc. is a multifaceted steel processing and manufacturing corporation headquartered in Longview, Texas, USA. The company operates through two principal segments: coil processing and pipe and tube manufacturing.

 

Established in 1965, Friedman Industries has a rich historical background marked by steady growth and adaptation to changes within the steel industry landscape. Throughout its evolution, the company has demonstrated financial stability and operational excellence, earning a reputation as a trusted partner for customers seeking reliable steel products and services. As a publicly-traded entity, Friedman Industries regularly communicates its financial performance, operational updates, and strategic initiatives through regulatory filings and engagements with shareholders and investors.

 

In the coil processing segment, Friedman Industries undertakes the transformation of hot-rolled steel coils into flat, refined sheet and plate steel products. This intricate process involves a series of stages including cutting, leveling, and shaping the steel coils to meet the precise specifications of its diverse clientele. These clientele span a wide array of industries including automotive, construction, appliances, and general manufacturing. Friedman Industries caters to both large-scale manufacturers and smaller fabricators, providing them with customized steel products tailored to their specific requirements.

 

Concurrently, the pipe and tube manufacturing segment of Friedman Industries focuses on the fabrication and sale of various types of pipe and tubing products. These products find extensive applications in industries such as oil and gas exploration, agriculture, construction, and infrastructure development. The company's manufacturing capabilities encompass the production of welded steel pipe, mechanical tubing, structural tubing, and other specialized products. Its customer base within this segment includes steel service centers, distributors, fabricators, and end-users across diverse industrial sectors.

 

Friedman Industries boasts a significant market presence, particularly in the southern United States, where it serves clients in Texas and neighboring states, as well as across the nation. The company's manufacturing facilities are equipped with state-of-the-art steel processing equipment and technology, ensuring efficient production processes and the delivery of high-quality products. Friedman Industries places a strong emphasis on nurturing and maintaining robust customer relationships, offering timely delivery, competitive pricing, and personalized service to meet the varied needs of its clientele.

 

Friedman Industries Inc. stands as a reputable and diversified player in the steel processing and manufacturing sector. Through its commitment to quality, innovation, and customer satisfaction across its coil processing and pipe and tube manufacturing segments, the company continues to pursue growth opportunities and uphold its position as a leader in the dynamic steel market.

 

 

 

(05/24/24) $18.44
(05/27/24) $18.31
(05/27/24) (Qty.)14,972
(05/24/24) $17.92
(05/24/24) $18.49
(05/19/24) $17.39
(05/05/24) $19.38
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