Exide to idle Pa. lead recycling plant by March
Nov 09, 2012 | 05:10 PM
| Daniel Fitzgerald
NEW YORK Exide Technologies will idle its lead recycling plant in Reading, Pa., by March 31 in a move that market participants say will put further downward pressure on junk battery prices.
The decision to idle the plant was based on such factors as "dramatic swings in the lead market and the high capital investment needed, due to regulatory requirements, to remain operational in Reading," Exide Americas president Paul Hirt said in a statement.
"By idling this facility, we can defer spending the capital while still having the majority of our internal lead demands met through our other three recycling centers in Vernon, Calif.; Canon Hollow, Mo.; and Muncie, Ind.," he added.....
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