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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 (, Feb. 26).

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