Search
AMM.com Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.


Ormet unsecured creditors’ committee adds members

Keywords: Tags  Ormet, Chapter 11 bankruptcy, unsecured creditors' committee, United Steelworkers, American Electric Power, Pension Benefit Guaranty, aluminum, Michael Cowden


CHICAGO — A utility and three benefits groups have been appointed to the unsecured creditors’ committee in the Chapter 11 bankruptcy proceedings of aluminum producer Ormet Corp.

Documents filed March 7 in a Delaware bankruptcy court show that the committee includes the United Steelworkers union, Pittsburgh; American Electric Power Co. Inc., Columbus, Ohio; the Corporation Hourly Retiree Benefit Trust, Pittsburgh; and the Pension Benefit Guaranty Corp., Washington.

Hannibal, Ohio-based Ormet filed for Chapter 11 bankruptcy protection Feb. 25, citing high legacy and power costs and low aluminum prices (amm.com, Feb. 26).


Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.



Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results