Ormet posts $5.6M loss, asset sales continue

Feb 21, 2014 | 06:45 PM | Michael Cowden

Tags  Ormet Corp., aluminum, bankruptcy, asset liquidation, Chapter 11, asset sales, income, alumina refinery Burnside

CHICAGO — Ormet Corp. started off the new year in the red as asset sales continued to comprise the bulk of its income.

The bankrupt and idled Hannibal, Ohio-based aluminum producer lost $5.6 million on revenue of $17.5 million in January, according to documents filed in U.S. Bankruptcy Court....

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