Horsehead Restarts a Kiln
Horsehead Corporation Announces Plans to Resume Recycling Operations in Tennessee
- Press Release
- Source: Horsehead Holding Corp.
- On Thursday August 13, 2009, 4:01 pm EDT
PITTSBURGH, Aug. 13 /PRNewswire-FirstCall/ -- Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp. (Nasdaq: ZINC - News), today announced that it plans to resume operations at its Rockwood, TN recycling facility by re-starting one of its two kilns in mid-September 2009. Horsehead previously idled its operations at Rockwood in response to the recent economic downturn.
"A recent upswing in domestic steel production has resulted in a parallel increase in production of electric arc furnace dust, the primary raw material feedstock for our recycling facilities. We remain hopeful that the economy will continue to strengthen as we head towards the 4(th) quarter of 2009," said Jim Hensler, Horsehead's President & CEO. The Company expects to recall approximately 30 employees.
Horsehead Holding Corp. (Nasdaq: ZINC - News) is a leading U.S. producer of specialty zinc and zinc-based products. Headquartered in Pittsburgh, PA, Horsehead employs over 800 people and has seven locations throughout the U.S. Visit www.horsehead.net for more information.
Some of the statements in this press release are forward-looking statements. Forward-looking statements include statements about our future prospects, operating plans, business strategy, commercial relationships and financial performance. Statements that contain words such as " will," "should," "anticipate," "believe," "expect," "intend," "estimate," "hope" or similar expressions, are forward-looking statements. These forward-looking statements are based on the current expectations of the Company. Because forward-looking statements involve inherent risks and uncertainties, the plans, actions and actual results of the Company could differ materially from those described in this release. Among the factors that could cause plans, actions and results to differ materially from the Company's current expectations include our ability to recognize anticipated savings from cost reduction measures, our ability to maintain our overall business strategy, and those factors identified under Part II, Item 1A. "Risk Factors" in Horsehead's Quarterly Report on Form 10-Q for the quarter ended June 30, 2009 filed with the Securities and Exchange Commission and available at the SEC's website at www.sec.gov.
See also: Horsehead Smelter
