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Ormet Announces Restart of Aluminum Smelting Capacity

Thursday, Nov 25, 2010
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HANNIBAL, Ohio, Nov 24, 2010 (BUSINESS WIRE) -- Ormet Corporation, an independent U.S. producer of aluminum, announced its intention to restart the two idled potlines at its Hannibal, Ohio, smelting facility. The restart preparations will commence immediately with the process expected to be completed in the first quarter of 2011, bringing the smelter to full production capacity.


To support the increase in production, Ormet will be adding greater than 100 positions to employment levels at Hannibal. The openings will be filled through recall from lay-off and new hiring.


Mike Tanchuk, Ormet's president and CEO commented, "We plan to produce about 80,000 metric tonnes of additional metal next year with this restart. While this is a very small amount of aluminum on a worldwide scale, this step is important to Ormet. We are very pleased to deliver this good news to about 100 families during the holiday season."

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