November 2007
Scope Metals Group Ltd. is pleased to announce that its subsidiary, Hadco Metal Trading Co., LLC ("Hadco"), has entered into a ten year lease (with 2 five year extension options) for a warehouse in Philadelphia consisting of 82,000 sq ft on approximately 10 acres of land. The storage capacity of this warehouse is more than double the storage capacity of the company's current facility in Philadelphia, and the move is in line with the company's plans to increase its activities in the area.
Scope's US subsidiaries are Hadco, which operates metals distribution centers on the east coast of the United States (New York, Philadelphia, Pompano Beach & Tampa); and Material Technology Solutions LLC (“MTS”), located in New Jersey, with public warehouses in Baltimore and Los Angeles, a dedicated distributor and supplier, serving the North American, Asian and European markets, with a global orientation.
Scope Metals Group is a leading distributor and supplier in the Eastern Mediterranean, with a growing international presence. Scope imports, exports, processes and markets a comprehensive range of finished and semi-finished metals products and engineered plastics products to industrial manufacturers. With an extensive inventory of over 60,000 different off-the shelf items, and over 37 years of experience in the field, Scope operates as a one-stop shop on a “just in time”, 24-hour delivery basis.
In addition, Scope has subsidiaries in the Czech Republic, Romania, Poland, Germany and China. This ever-expanding network of local affiliations and subsidiaries around the world, plus its central location, enables Scope to access global markets with flexible shipping options, including land, sea and air, and guarantee a short lead-time.
The result is a sharp competitive edge and genuinely international success.
Scope distributes and supplies metals products including stainless steel, aluminum, carbon and steel alloys, nickel alloys, brass, bronze, copper, lead and titanium, and engineered plastics products. Our products include plates, sheets, coils, bars, beams, pipes, tubes, fittings, fasteners, flanges, valves, actuators, wires, welding materials, gratings and flooring systems as well as fire extinguishing, ventilation and steam systems. All items are available in a variety of grades, shapes and sizes, including hard-to-find sizes and specifications.
Many different industries benefit from Scope’s quality, experience and reliability, from aerospace and aviation, to machining, food and pharmaceuticals, through oil and gas, energy, water, chemicals and petrochemicals, fertilizers, medical, packaging, military, elevators and construction, to microelectronics, high-tech and more.
Scope’s leading position is supported by state-of-the-art automatic and computerized warehouses and processing equipment, including three advanced cut-to-length and blanking lines, a slitting line, seven fully automatic disc saws, an advanced polishing and coating line, 40 band saws and more. Our 1,000,000 sq ft premises include over 377,000 sq ft of shed warehouses. Scope also operates its own laboratory, featuring the latest material testing equipment.
Quality is mission critical in all Scope’s operations. Quality control is coordinated by an in-house, ISO 9001:2000 certified controller. A SAP ERP platform facilitates flexible, coordinated and responsive management.
Having gained 1E preferred supplier status to Israel Aerospace Industries (IAI), Scope also won an exclusive contract for the supply of IAI raw materials directly to the production line, and enjoys a reputation as the leading regional supplier of aluminum to the aerospace market.
From a financial perspective, Scope is considered amongst the leading companies in the Israeli market, and is traded on the prestigious Tel Aviv 100 index of the TASE (Tel Aviv Stock Exchange).
Historically, Scope has always been a stable and profitable company.
The group's gross sales in 2006 were USD 246 million.
