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Quanex Corporation Promotes Gulliford to Group President

HOUSTON, March 1 /PRNewswire/ -- Quanex Corporation (NYSE: NX) announced today that James W. Gulliford has been promoted to group president for the Engineered Products Division.

In commenting on the announcement, Chairman of the Board Vernon E. Oechsle said, "Jim's 31 years with our company, along with his industry expertise and his solid background within the fabricated products industry have significantly strengthened Quanex's presence in the formed-metals arena. We look forward to his continued contributions as he and his team address the key issues that impact this segment and its customers within this rapidly changing and competitive industry."

"Jim's demonstrated leadership in growing this business segment through the acquisitions of Imperial Products and most recently Temroc Metals, and also adding new product offerings in existing businesses, has given depth to the group and has allowed Quanex to move into new market areas, thus enhancing long-term shareholder value."

Gulliford, 58, and a native of Illinois, most recently served as vice president and group manager of the Fabricated Products group.

Quanex is a technological leader in the production of value-added engineered steel bars, aluminum flat-rolled products, and engineered, formed-metal products for transportation, capital equipment, homebuilding and remodeling, food packaging, defense, and other industries. The company was founded in 1927 and its stock is listed on the New York Stock Exchange under the symbol NX.
SOURCE Quanex Corporation
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CONTACT: financial, Jeff Galow, 713-877-5327, or media, Marianne Gooch, 713-877-5389, both of Quanex Corporation
CAPTION: NXLOGO QUANEX CORPORATION LOGO Quanex Corporation logo. (PRNewsFoto)[HD] HOUSTON, TX USA 05/17/1999