Friedman Industries (Houston, Tex.; http://www.friedmanindustries.com), a steel manufacturer, processor and distributor, plans to build a new steel processing and distribution operation in Decatur, Ala. The company will spend approximately $650,000 to purchase about 47 acres in Morgan County, Ala., for the new operation. The company plans to spend an additional $16 million for capital expenditures and working capital related to the acquisition, improvement, and operation of the Decatur facility. In tandem with the construction of the new facility, Friedman plans to phase out and terminate its steel processing and distribution operations near Longview and relocate its coil operations to the Alabama operation.