| |
| | Aluminum Association | Ormet Files Reorganization Plan in Bankruptcy Court (Site not responding. Last check: 2007-10-08) |
 | | Ormet Corp. filed for Chapter 11 on Jan. 30, 2004, along with subsidiaries Ormet Primary Aluminum Corp. and Ormet Aluminum Mill Products Corp., saying rising medical benefit costs, low aluminum prices and weak demand had prevented it from meeting debt payments. |
 | | In addition to creditor and court approval of its plan, Ormet's priorities are negotiating new labor agreements with the United Steelworkers of America union at its two plants in Hannibal, Ohio, and "addressing" rising energy costs, it said. |
 | | Ormet Corp, which is based in Wheeling, West Virginia, employs about 2,200 people in five states, where it operates primary and downstream aluminum plants. |
| www.aluminum.org /Template.cfm?Section=Home&template=/ContentManagement/ContentDisplay.cfm&ContentID=7520 (226 words) |
|