Ormet Corp

Type: Company
Name: Ormet Corp
Nationality: United States
First reported Sep 16 2014 - Updated Sep 17 2014 - 1 reports

Afghan suicide bomber kills 3 foreign troops

HANNIBAL, Ohio - Ormet Corp. plans to auction off equipment and raw materials that are vital to the aluminum smelting process at 10 a.m. Thursday, according to records in the U.S. District Bankruptcy Court in Delaware. ... [Published Weirton Daily Times - Sep 16 2014]
First reported Sep 06 2014 - Updated Sep 06 2014 - 1 reports

AEP prepares for closure of W.Va. coal-fired plant

MOUNDSVILLE, W.Va. (AP) — In the late 1950s, what is now known as the American Electric Power Kammer Plant opened to provide electricity to the nearby Ormet Corp. aluminum smelter across the Ohio River. Due to ever-increasing Environmental Protection ... [Published The Washington Times stories: News - Sep 06 2014]
First reported Jul 25 2014 - Updated Jul 25 2014 - 1 reports

Magnum Hunter Resources Announces Acquisition of Ormet Mineral Interest in Monroe County, Ohio and Wetzel County, West Virginia

HOUSTON, TX--(Marketwired - Jul 25, 2014) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") announced today that it closed on the purchase of approximately ... [Published Marketwire - Breaking News Releases - Jul 25 2014]
First reported Jun 29 2014 - Updated Jun 29 2014 - 1 reports

Ormet sold for $25.25 million

Updated: Saturday, June 28 2014, 07:32 PM EDTHANNIBAL, W.Va. –Niagara Worldwide LLC won the rights to purchase the assets of Ormet Corp. for $25.25 million during a private auction Friday.Niagara Worldwide is a property developer that acquires, manages, ... [Published WTOV 9 - Jun 29 2014]
First reported Jun 28 2014 - Updated Jun 28 2014 - 1 reports

Ormet Auctioned For $25.25 Million

HANNIBAL - Niagara Worldwide LLC won the rights to purchase the assets of the idled Ormet Corp. for $25.25 million during a private auction. ... [Published Intelligencer Wheeling News-Register - Jun 28 2014]
Entities: Ormet Corp
First reported Jun 13 2014 - Updated Jun 13 2014 - 1 reports

Ormet May Sell for $15M

HANNIBAL - Last year, Wayzata Investment Partners offered to purchase the Ormet Corp. aluminum smelter for $221 million, with plans to eventually power the plant with locally produced natural gas. ... [Published Intelligencer Wheeling News-Register - Jun 13 2014]
First reported Jun 13 2014 - Updated Jun 13 2014 - 1 reports

Rally for Jobless Benefits Planned Saturday

WHEELING - A rally to urge Congress to extend unemployment benefits for all workers, including the 1,000 people impacted by the closure of Ormet Corp.'s aluminum smelter, is slated for 11 a.m. Saturday. ... [Published Intelligencer Wheeling News-Register - Jun 13 2014]
First reported May 26 2014 - Updated May 26 2014 - 1 reports

Century Mulls Ormet Assets

HANNIBAL - While officials with the United Steelworkers maintain hope that someone will purchase the closed Ormet Corp. smelter with intentions of operating it, published reports show Chicago-based Century Aluminum Co. may purchase equipment and raw materials ... [Published Intelligencer Wheeling News-Register - May 26 2014]
First reported May 21 2014 - Updated May 21 2014 - 1 reports

Make Reviving Ormet a Priority

A few dozen workers left at the Ormet Corp. aluminum plant at Hannibal have been told they may lose their jobs this summer. If so, they will follow about 1,000 co-workers already laid off from the idled facility. ... [Published Intelligencer Wheeling News-Register - May 21 2014]
First reported Apr 30 2014 - Updated Apr 30 2014 - 1 reports

Forward Integration Has Become a Strategic Trend in Abrasives Industry

The international market research corporation—Transparent Market Research recently released a report on abrasives industry, stating that the value chain system has a tendency towards Forward Integration. According to iAbrasive report on April 30th , the ... [Published PRWeb - Apr 30 2014]

Quotes

"Every part of Ohio I go to - and I have been in all 88 counties - I talk about Ormet" FitzGerald said at the plant Sunday, surrounded by several of the facility's 1,000 displaced employees
"The outlook for aluminum demand is strong, driven by increased use in automobiles, changing demographics in the developing world and a robust aerospace industry" Ormet officials said
"The oil and gas is a real shot in the arm for us," Neuhart said. "Right now, we are seeing an increase in sales tax because people are buying stuff. It will probably be about two years before we really see money coming in from the oil and gas because that is when they will have the pipelines ready."
"Republicans always talk about how they believe in the free market. All Ormet wants to do is to be able to buy electricity on the free market, instead of being stuck in this deal with AEP" Cera said

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All (15) | News (14) | Reports (0) | Blogs (1) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
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Afghan suicide bomber kills 3 foreign troops [Published Weirton Daily Times - Sep 16 2014]
AEP prepares for closure of W.Va. coal-fired plant [Published The Washington Times stories: News - Sep 06 2014]
Magnum Hunter Resources Announces Acquisition o... [Published Marketwire - Breaking News Releases - Jul 25 2014]
Ormet sold for $25.25 million [Published WTOV 9 - Jun 29 2014]
Ormet Auctioned For $25.25 Million [Published Intelligencer Wheeling News-Register - Jun 28 2014]
Ormet May Sell for $15M [Published Intelligencer Wheeling News-Register - Jun 13 2014]
Rally for Jobless Benefits Planned Saturday [Published Intelligencer Wheeling News-Register - Jun 13 2014]
Century Mulls Ormet Assets [Published Intelligencer Wheeling News-Register - May 26 2014]
Make Reviving Ormet a Priority [Published Intelligencer Wheeling News-Register - May 21 2014]
Forward Integration Has Become a Strategic Tren... [Published PRWeb - Apr 30 2014]
Harvey Haught [Published Intelligencer Wheeling News-Register - Apr 22 2014]
FitzGerald Takes Ormet ‘Crisis’ Statewide [Published Intelligencer Wheeling News-Register - Feb 24 2014]
Ormet Is Looking to Sell Smelter [Published Intelligencer Wheeling News-Register - Feb 23 2014]
Natural Gas Is ‘Lifeline’ for Monroe County [Published Intelligencer Wheeling News-Register - Feb 09 2014]
Ormet Bill Introduced [Published Intelligencer Wheeling News-Register - Feb 06 2014]
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Magnum Hunter Resources Announces Acquisition o... [Published Marketwire - Breaking News Releases - Jul 25 2014]
HOUSTON, TX--(Marketwired - Jul 25, 2014) - Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") announced today that it closed on the purchase of approximately ...
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