Aleris acquires select Ormet facilities.Aleris International Inc. has entered into an agreement with Ormet to purchase selected assets within the Hannibal Rolling Mill rolling mill: see steel. , as well as the operating facilities associated with the Bens Run recycling recycling, the process of recovering and reusing waste products—from household use, manufacturing, agriculture, and business—and thereby reducing their burden on the environment. facility in Friendly, W.Va., and Specialty Blanks Inc., Terre Haute Terre Haute (tĕr`ə hōt, tĕr`ē hŭt), city (1990 pop. 51,483), seat of Vigo co., W Ind., on the Wabash River; inc. 1816. , Ind. Steve Demetriou, Aleris chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , says, "This is another key strategic step aimed at optimizing our aluminum sheet production assets. The additional volume will allow Aleris to maximize throughput at our other rolling mills and more efficiently utilize our fixed cost base, making us more cost competitive on a global basis." The Bens Run aluminum scrap recycling operation will become part of Aleris's Aluminum Recycling segment. Specialty Blanks makes aluminum fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: products for lighting, cookware and automotive wheel applications, representing new products for Aleris Rolled Products. Aleris will transfer select equipment from the Hannibal mill and anticipates 125 million pounds of increased production at its other rolling mills. |
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