Asarco Amarillo Refinery Reduces Production.NEW YORK--(BUSINESS WIRE)--June 10, 1998--ASARCO Incorporated (NYSE NYSE See: New York Stock Exchange :AR) announced today that it is reducing production at its Amarillo Copper Refinery by about 15%, or 12 million pounds per month, due to a shortage of raw materials purchased from others, including copper anodes, scrap and blister blister, puffy swelling of the outer skin (epidermis) caused by burn, friction, or irritants like poison ivy. A response of the body to protect deeper tissue, blisters generally contain serum, the liquid component of blood. . About 30 employees are being laid off because of the reduction. The Amarillo Copper Refinery produced 985 million pounds of copper in 1997. Asarco has purchased sufficient refined copper to meet its customer commitments through the end of 1998. The refinery will be returned to full production when market conditions permit. The Company does not expect that this production curtailment Curtailment The act of contracting or reducing operations of a company in the hope of bringing it financial or operational stability. This management technique is often used when a company has grown too fast and is unable to effectively manage its operations. will have any significant effect upon its financial results. ASARCO Incorporated is one of the world's leading integrated producers of copper as well as a producer of other metals, specialty chemicals A Specialty chemical is a chemical produced for a specialized use. They are produced in lower volume than bulk chemicals, of which petrochemicals, made from oil feedstocks, are the most common. However, both are produced in a chemical plant. and aggregates. CONTACT: ASARCO Incorporated Jerry Cooper, Corporate Communications Corporate communications is the process of facilitating information and knowledge exchanges with internal and key external groups and individuals that have a direct relationship with an enterprise. 212/510-1810 |
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