Latest Ormet Corp (ORMTQ) Headlines
Steelworkers in 3 states gather Ormet donations
AP - Tue Dec 17, 8:42AM CST
CLARINGTON, Ohio (AP) — Unionized steelworkers in three states are delivering groceries and toys collected for the families of workers laid off from Ormet Corp.'s aluminum smelter along the Ohio River.
Laid-off Ormet steelworkers target Ohio governor
AP - Tue Nov 12, 9:31AM CST
HANNIBAL, Ohio (AP) — A labor union seeking the reopening of Ormet Corp.'s aluminum smelter in eastern Ohio is launching a multimedia campaign aimed at Ohio Gov. John Kasich.
Gov criticized over layoffs at Ohio aluminum plant
By JULIE CARR SMYTH - AP - Sun Oct 27, 9:58AM CDT
COLUMBUS, Ohio (AP) — What was once the largest private employer in its region is now Ohio's largest industrial layoff of the year.
Ormet union asks Kasich to help save 600 jobs
AP - Wed Oct 09, 8:51AM CDT
COLUMBUS, Ohio (AP) — The United Steelworkers say Gov. John Kasich can help save 600 jobs in southeast Ohio by intervening in an electricity conflict between aluminum maker Ormet Corp. and state utility regulators.
Sale of Ormet Corporation to Smelter Acquisition, LLC Approved by Bankruptcy Court; Operations to Continue Without Interruption
Business Wire - Tue Jun 04, 2:01PM CDT
On June 3, the United States Bankruptcy Court for the District of Delaware approved the sale of substantially all of the assets of Ormet Corporation, a leading producer of primary aluminum, and certain of its affiliates to Smelter Acquisition, LLC, a portfolio company owned by private investment funds managed by Wayzata Investment Partners LLC ("Wayzata"). Ormet Corporation and certain of its affiliates filed for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware in late February to effectuate a financial restructuring of the Company. In connection with its restructuring, the Company received aggregate commitments of $90 million of DIP Financing, consisting of $30 million in Term DIP financing from Wayzata and a $60 million DIP facility from Wells Fargo, which replaced its $60 million pre-petition revolver with Ormet. The DIP financings provided the Company with sufficient liquidi
Steelworkers in 3 states gather Ormet donations
AP - Tue Dec 17, 8:42AM CST
CLARINGTON, Ohio (AP) — Unionized steelworkers in three states are delivering groceries and toys collected for the families of workers laid off from Ormet Corp.'s aluminum smelter along the Ohio River.
Laid-off Ormet steelworkers target Ohio governor
AP - Tue Nov 12, 9:31AM CST
HANNIBAL, Ohio (AP) — A labor union seeking the reopening of Ormet Corp.'s aluminum smelter in eastern Ohio is launching a multimedia campaign aimed at Ohio Gov. John Kasich.
Gov criticized over layoffs at Ohio aluminum plant
By JULIE CARR SMYTH - AP - Sun Oct 27, 9:58AM CDT
COLUMBUS, Ohio (AP) — What was once the largest private employer in its region is now Ohio's largest industrial layoff of the year.
Ormet union asks Kasich to help save 600 jobs
AP - Wed Oct 09, 8:51AM CDT
COLUMBUS, Ohio (AP) — The United Steelworkers say Gov. John Kasich can help save 600 jobs in southeast Ohio by intervening in an electricity conflict between aluminum maker Ormet Corp. and state utility regulators.
Sale of Ormet Corporation to Smelter Acquisition, LLC Approved by Bankruptcy Court; Operations to Continue Without Interruption
Business Wire - Tue Jun 04, 2:01PM CDT
On June 3, the United States Bankruptcy Court for the District of Delaware approved the sale of substantially all of the assets of Ormet Corporation, a leading producer of primary aluminum, and certain of its affiliates to Smelter Acquisition, LLC, a portfolio company owned by private investment funds managed by Wayzata Investment Partners LLC ("Wayzata"). Ormet Corporation and certain of its affiliates filed for bankruptcy protection in the United States Bankruptcy Court for the District of Delaware in late February to effectuate a financial restructuring of the Company. In connection with its restructuring, the Company received aggregate commitments of $90 million of DIP Financing, consisting of $30 million in Term DIP financing from Wayzata and a $60 million DIP facility from Wells Fargo, which replaced its $60 million pre-petition revolver with Ormet. The DIP financings provided the Company with sufficient liquidi
