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TREMONT SUSPENDS REGULAR QUARTERLY DIVIDEND

 TREMONT SUSPENDS REGULAR QUARTERLY DIVIDEND
 DENVER, Oct. 27 /PRNewswire/ -- Tremont Corp. (NYSE: TRE)


announced today that its board of directors has suspended the regular quarterly dividend on its common stock in view of, among other things, the continuing weakness in overall market demand and prices for titanium metals and reduced dividends from its securities holdings.
 J. Landis Martin, chairman of Tremont, said, "We remain optimistic about the mid- and long-term future of the titanium metals business, but felt it wasn't prudent to continue paying dividends while operating losses continue." Martin said, "The demand for titanium metals remains at historically depressed levels. Our efforts to return to profitability are focused on improving manufacturing processes and reducing overall costs. We have also announced price increases in an effort to recover some of the approximately 15 percent price deterioration in titanium prices in 1992 as compared to 1991."
 Martin also said, "Next year we anticipate operating margin improvement resulting from our new $90 million Vacuum Distillation Plant scheduled to start up in the first quarter of 1993. This new process along with other strategic investments implemented during the past two years is expected to positively impact our titanium metals business in 1993."
 Tremont, headquartered in Denver, is a leading integrated producer of titanium metal products and is also engaged in bentonite mining operations. Tremont's common stock is traded on the New York and Pacific stock exchanges under the symbol "TRE."
 -0- 10/27/92
 /CONTACT: Mark A. Wallace, VP and controller, of Tremont, 303-296-5651/
 (TRE) CO: Tremont Corp. ST: Colorado IN: MNG SU: DIV


JB-KJ -- LA032 -- 5715 10/27/92 19:33 EST
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Publication:PR Newswire
Date:Oct 27, 1992
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