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IMCO RECYCLING TO BUILD MAJOR FACILITY THAT WOULD SERVE BARMET ALUMINUM

IMCO RECYCLING TO BUILD MAJOR FACILITY THAT WOULD SERVE BARMET ALUMINUM
 IRVING, Texas, Jan. 29 /PRNewswire/ -- IMCO Recycling Inc. (NYSE: IMR) and Barmet Aluminum Corporation today announced they are planning a project in which IMCO would build a $16 million aluminum recycling facility to supply Barmet's Uhrichsville, Ohio rolling mill.
 IMCO Recycling's building of the 265 million pound per year plant would raise the company's total capacity by 50 percent to 800 million pounds. The planned facility would be located next to the Barmet mill and would have the exclusive right to recycle Barmet-purchased scrap for a 10-year period. The plant would process metal for IMCO's account after Barmet's needs are met.
 Barmet currently purchases aluminum scrap and operates a recycling plant in Uhrichsville. Operation of the plant would be phased out as the new IMCO facility comes on stream.
 Norman E. Wells Jr., president and chief executive officer of Barmet, said: "We selected IMCO for this project because of the excellent metal recovery and quality that their recycling process achieves and their strong environmental record. We are confident they will contribute to improvements in our efficiency. Output of the new facility will be used to meet all recycled metal needs of our Uhrichsville mill, including increases in production planned for the future.
 "While this project has not yet been submitted for approval by the boards of directors of both companies, the substantive issues have been agreed to by the negotiating teams," he said.
 Ralph L. Cheek, IMCO's chairman and chief executive officer, said: "Building of this plant would be a very important step for us because it will significantly extend our recent expansion program. In 1988, we set out to quadruple our recycling capacity to one billion pounds and this addition will certainly help us achieve that goal. As currently planned, the facility would add some 165 million pounds to our capacity in October 1992 and another 100 million pounds by mid 1993. It will recycle used aluminum beverage cans, scrap and dross into both molten metal and ingot."
 Barmet Aluminum Corporation, a privately owned company, is a recognized leader in Hazelett continuous casting. It is a significant supplier to the building products industry and is growing its market share in the transportation and distribution markets. Barmet recycles, rolls and coats aluminum in operating facilities in Long Beach and Torrance Calif.; Rockport, Ind.; and Bedford and Uhrichsville, Ohio. Its corporate offices are located in Akron, Ohio.
 IMCO Recycling is the world's largest independent recycler of aluminum beverage cans and their by-products and is the nation's only publicly owned firm whose activities are concentrated in the aluminum can recycling market.
 -0- 1/29/92
 /CONTACT: Paul V. Dufour of IMCO Recycling, 214-869-6575, or Norman E. Wells Jr. of Barmet Aluminum, 216-753-7701/
 (IMR) CO: IMCO Recycling Inc. ST: Texas, Ohio IN: MNG SU:


KD -- NY087 -- 4949 01/29/92 17:16 EST
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Date:Jan 29, 1992
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