CARCO and Calbag announce new corporation to install new reverb furnace.PORTLAND, Ore.--(BUSINESS WIRE)--Sept. 24, 1996--Ken Peterson, chief executive officer, Columbia Ventures Corp., and Warren Rosenfeld, president, Calbag Metals Co. announced today the formation of a new limited liability corporation which will now operate Columbia Aluminum 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. Corp. (CARCO), a secondary aluminum smelter located in Portland. Peterson and Rosenfeld said the first undertaking of the new partnership is the installation of a new reverberatory furnace reverberatory furnace Furnace used for smelting, refining, or melting in which the fuel is not in direct contact with the contents but heats it by a flame blown over it from another chamber. at CARCO which will begin production before the end of the year. The new furnace furnace, enclosed space for the burning of fuel. There are many kinds of furnaces, the type depending upon the fuel and the use to which the heat produced within it is put. Most familiar are the furnaces used in the heating of buildings. , along with CARCO's existing induction furnace An induction furnace is an electrical furnace in which the heat is applied by induction heating of a conductive medium (usually a metal) in a crucible around which water-cooled magnetic coils are wound. , will triple CARCO's production capabilities and enable the company to remelt a wider variety of aluminum scrap feed stock. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Doug Shaw, general manager, CARCO, "The combination of furnace applications will provide flexibility in remelting a greater volume and wider array of aluminum scrap feed stock -- from shredded shred n. 1. A long irregular strip that is cut or torn off. 2. A small amount; a particle: not a shred of evidence. tr.v. and delacquered UBC's (used beverage containers) to heavy forgings." Shaw said the improved cost-efficiency of the new furnace would give CARCO the ability to successfully compete for virtually all commonly used scrap used in secondary smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. . Rosenfeld added the plant will now be able to melt the largest array of materials in the Pacific Northwest. Earlier this year, CARCO selected Calbag Metals Co. as its exclusive scrap metal supplier. Rosenfeld commented that the new corporation was a logical next step in their relationship. "This venture is an outgrowth of the tighter quality and delivery control we were able to achieve through our sole source agreement," he explained. "This follows our game plan of moving toward production of higher value products for our customers." Rosenfeld said he was pleased with the opportunity to tap CARCO's expertise. "Certainly, the chance to work with a company that possesses the vast melting experience of CARCO is unique in the Northwest," he said. Shaw said the alliance with Calbag will have particular advantage for Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. markets. "Strategically, we are the only secondary smelter in the Northwest located adjacent to a port, so we have cost advantages for delivering product to Pacific Rim consumers. While we continue to support our long-time domestic consumers with a wider array of aluminum products, we plan to step up our international marketing activities and are very excited to build on Calbag's well-established Pacific Rim network," Shaw commented. CARCO's name under the new agreement will officially become Columbia Aluminum Recycling Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control (limited liability corporation). The activities of the company will be guided by a board of directors which will include Peterson, Rosenfeld, Shaw and Columbia Ventures Executive Vice President Dave Brewer. CONTACT: Calbag Metals Co. Linda Pearson, 503/226-3441 or Columbia Aluminum Recycling Corp. Doug Shaw, 503/283-5011 |
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