Felman Production to halt W.Va. operations
Jun 28, 2013 | 05:14 PM
| Daniel Fitzgerald
NEW YORK Felman Production LLC has ceased operations at its New Haven, W.Va., facility for three months due to "continuous challenging ferrosilicomanganese market conditions," the company said June 28.
The company had already idled one of three electric-arc furnaces at the site this spring and started reducing its workforce in response to declining silicomanganese prices and rising manufacturing costs (amm.com, May 20).
"Since the economic and market conditions continue to deteriorate, the decision to cease operations of all of its three furnaces immediately was difficult, but inevitable. Within the next two months, Felman plans to reevaluate market conditions to determine whether operations will resume earlier or if the plant will remain closed for an additional period of time," the company added.Despite the shutdown, Felman expects to meet its long-term contract sales commitments during this period, a company spokesman told AMM.....
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