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BRIEF: Ormet Corp. to keep producing through 2009

Posted on: Tue, 18 Aug 2009 07:43:00 EDT

Symbols: ORMT

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Aug 18, 2009 (Charleston Daily Mail - McClatchy-Tribune Information Services via COMTEX) --
ORMT | Quote | Chart | News | PowerRating -- CHARLESTON, W.Va. -- Ormet Corp. announced it will continue to operate four pot lines through the remainder of 2009 at its aluminum smelter in Hannibal, Ohio.

The company said it has secured fixed-price metal sales contracts for September, October and part of November and said it continues to explore securing contracts for its remaining 2009 metal production.

At the end of July Ormet issued a job layoff warning to 982 employees. The company said that since that time, it has been working hard to maintain operations and protect jobs.

Ormet said it now anticipates layoffs of no more than 100 people through the remainder of 2009.

The company's smelter is on the Ohio River, 25 miles south of Moundsville.

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