CC Metals and Alloys, LLC (“CCMA”) today announced that it will temporarily suspend ferrosilicon production at its Calvert City plant, effective July 1, 2015.
The production halt, which is expected to last three months, will allow CCMA to reduce inventories that have accumulated as a result of weakened market demand and the increased levels of imports that have prevailed during the first half of the year. Approximately 65 percent of CCMA’s workforce, or 109 employees, will be affected by layoffs related to the idling.
“This is a difficult decision to make and we share the disappointment of our employees, but we believe this is the only reasonable course of action at this time,” said Mordechai “Motti” Korf, Chief Executive Officer of CCMA’s parent company, Georgian American Alloys, Inc.
CCMA does not anticipate that there will be any disruption for customers and the Company will continue to operate all sales and shipping activities during the idle period.
About CC Metals and Alloys
Founded in 1949 and headquartered in Calvert City, KY, CC Metals and Alloys, LLC (CCMA) is a leading producer and supplier of high-grade ferrosilicon alloys, elements essential in the manufacturing of iron and steel. CCMA’s 400,000 square foot, ISO 9001 certified facility utilizes three submerged arc electric furnaces, which operate around-the-clock, to produce over 100,000 metric tons of various types of ferrosilicons. The company offers over 35 competitively priced products including 18 different ferrosilicons and more than 20 different magnesium ferrosilicon inoculants, which are crushed and sized on-site to meet its clients’ exact specifications. CCMA’s products are distributed to steel manufacturers located throughout North and South America. CCMA is a wholly-owned subsidiary of Miami-based Georgian American Alloys, Inc.
Jason Chudoba, 203-682-8200
John McKenna, 203-682-8200