Metal Center News

JAN 2018

Metal Center services the metal center and toll processor industry.

Issue link: http://metalcenternewsdigital.epubxp.com/i/927282

Contents of this Issue

Navigation

Page 10 of 48

Service Center News of the Endeck line, according to EMS. The company says it plans to grow and expand Endeck's product lines. Jefferson Metals Warns of 'Check Washing' Service center executive R.W. McCarthy of Jefferson Metals, Wil- lowbrook, Ill., reported a recent case of "check washing" that created head- aches for his business. During the fourth quarter, his company was no- tified by a source that a check it had written had not been received, though the check had been mailed more than a month earlier. Upon notification, Jefferson con- tacted its bank to stop payment, at which point the bank notified the com- pany that the check had already been paid. Investigations discovered the check had been intercepted somewhere between the sending and receiving post offices, where it was "washed" – the process of removing the payee and check amount, then adding a new payee and amount to the check. It was deposited in California and the bank paid on the check. Though the company will be made whole on the funds, it must wait up to six months before the money is re- turned to its account, McCarthy says. "It seems that this crime is quite prevalent throughout our country and our bank has set us up with a review program to help prevent this from hap- pening a second time. This program is called 'positive pay with PE match,'" advises R.W. McCarthy, CEO of Jef- ferson Metals. "I urge all of you to review your checking policy and in- stitute whatever it may take to prevent this from happening to your company." N A NDRITZ Herr-Voss Stamco will supply a multi-blanking line to Steel Technologies for installation at its Pesqueria, Nuevo Leon, Mexico, facility. The line will process 150-inch- by 74-inch-wide material, with an incoming coil capacity of 60,000 pounds. The line also features the equipment manufacturer's roller leveler technology, including two Precision Levelers engineered to meet Steel Technologies' specific product requirements. N 4GL Solutions , Stouffville, Ontario, has signed an agreement to supply its ERP software solution Steel Manager III to the Southern Steel Group, headquartered in Sydney, Australia. SSG is the largest privately owned steel distributor in Australia. 10 ❘ Metal Center News — January 2018 www.metalcenternews.com BRIEFS Visit our website: www.prupipe.com * info@prupipe.com 130 Essex Avenue East • Avenel, NJ 07001 stainless steel * nickel alloys * aluminum pipe * tube * bar USA & Canada - Call Toll Free For A Quote Today! Call for a FREE Catalog phone: (800) 631-9500 * fax: (732) 750-0778 .....where uncommon items are common Wholesale Distributors Only! Finding "In-Stock" availability these days can be tough...especially when it comes to "Odd-Balls" and "Exotics." We can help when you need that "dog" item. Sizes range from 1/16"-36" with wall thickness from .006" to 2", in a wide array of alloys/grades.

Articles in this issue

Links on this page

view archives of Metal Center News - JAN 2018