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BURNHAM CORPORATION ANNOUNCES FOUNDRY MODERNIZATION PROGRAM

 LANCASTER, Pa., Feb. 22 /PRNewswire/ -- Burnham Corporation (OTC: BURCA) today announced a major modernization program for its Burnham Foundry located in Zanesville, Ohio.
 Total expenditures for the project will be $13 million over the next two years.
 As a leading producer since 1873 of cast iron boilers for hydronic heating systems used in residential and commercial applications, Burnham has been in the foundry business for 120 years. The foundry division produces boiler and radiator castings for Burnham's heating products, making the company the only manufacturer in the domestic hydronics industry independent of outside casting suppliers.
 The major component in the modernization project is a new Disamatic 2070B molding system. This is a "state-of-the-art" computer- controlled, automated, flaskless molding line that will allow Burnham Foundry to remain a world-class hydronic casting producer for the foreseeable future.
 Other major items in the modernization project are a new hot metal delivery system for all of the foundry's molding lines, an automated pouring furnace and a casting cooling conveyor for the Disamatic line, a renovated hydronics casting processing facility and expanded environmental control systems. Improvements to the foundry's iron melting and core making facilities are under study.
 In addition to being a leading producer of boiler and radiator castings on its new, high-technology molding line, Burnham Foundry provides non-hydronics castings to outside customers utilizing its existing high-speed Osborne cope-and-drag molding line. The foundry will continue to produce large-scale commercial boiler castings on its unique air-set molding line.
 /delval/
 -0- 2/22/93
 /CONTACT: Ronald L. Griffith, senior vp-finance and secretary- treasurer of Burnham Corporation, 717-293-5811, or fax, 717-293-5816/
 (BURC)


CO: Burnham Corporation ST: Pennsylvania, Ohio IN: SU:

MK-LJ -- PH011 -- 8884 02/22/93 10:39 EST
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Publication:PR Newswire
Date:Feb 22, 1993
Words:282
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