Aluminum Co. wants to buy 26 tonnes of ramming paste from Ormet
Corp. as the bankrupt aluminum producer continues a piecemeal
sale of operations, raw materials and other assets.
is offering $985 per tonnea total of $25,610for the
paste, which is packaged in 1-tonne "supersacks," according to
documents filed in U.S. Bankruptcy Court in Delaware.
Hannibal, Ohio-based Ormet, which filed for Chapter 11
bankruptcy protection in February, has said it is trying to
sell what it considers to be excess assets (
amm.com, Oct. 16), including alumina, carbon
anodes and copper rod (
amm.com, Dec. 11). Ormet has already sold its
alumina refinery in Burnside, La., to Almatis Inc. (
amm.com, Dec. 13).