The Commonwealth Steel Company (Comsteel), one of the nation’s longest standing steel manufacturers, is today celebrating 100 years of contribution to the region and Australia.
The Commonwealth Steel Company is the only Australian manufacturer of rail wheels and axles.
General Manager, Michael Parker said the company’s longevity and success was characterised by seizing opportunities, always innovating, and investing in its products and people.
“In the past century, the company has faced global economic turmoil, world war and constant process reinvention. But more than simply enduring these challenges, the business has grown stronger,” Michael said.
Over its history, the ownership of the company has evolved through mergers and acquisitions, culminating in the formation of the Moly-Cop Group in 2011. Moly-Cop is a fully integrated operation, from the processingof scrap metal in the electric arc furnace to the end products of Moly-Cop grinding media and Commonwealth Steel Company rail products.
The Commonwealth Steel Company was first formed in 1918 to address a threat to Australia’s railways – the backbone of the nation – by providing maintenance supplies during a time of global scarcity.
It survived the Great Depression by moving to part-time operation to protect and hold together the workforce until they could be employed full-time again. The Commonwealth Steel Company was also an important provider of munitions and other supplies (including two million steel helmets) to support the allies in the World War II effort.
The company has employed and trained thousands of men and women in the Hunter. Michael said that for many generations of local families who walked through its gates, a job with the Commonwealth Steel Company was a job fo rlife.
“Over a century of opportunity and adversity, the commitment, ability and skill of the work force has driven our business forward,” Michael said.
“Our workforce is the company’s greatest asset and the foundation for our success.”
A year of celebration has started with a special event dedicated to employees, clients and invited supporters.
The Commonwealth Steel Company Centenary Day is being held today to mark the day the company was first registered 100 years ago.
The Commonwealth Steel Company Centenary Day commenced with an unveiling of a plaque and commemorative coin, followed by a barbecue and other refreshments. The day also includes an exhibition of images and artefacts from the company archives and tours provided by Newcastle’s Famous Tram.
IMAGE |Commonwealth Steel Company is today celebrating 100 years of contribution to the Hunter region and Australia
The Comsteel range of products is manufactured at the company’s Moly-Cop manufacturing facility, located at Waratah, NSW Australia. The company was established in 1918 to service the growing Australian rail transport industry and has operated continuously from the Waratah site.