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Georgian American Alloys, Inc. Announces Shift in Furnace Production

MIAMI--(BUSINESS WIRE)--Georgian American Alloys, Inc. (“GAA”), the parent company of Felman Production LLC, CC Metals and Alloys, LLC, Felman Trading, Inc. and Georgian Manganese, LLC, today announced that Georgian Manganese will shift production at three of its furnaces from silicomanganese to ferromanganese beginning in August.

“With Felman Production slated to resume production of silicomanganese in the coming weeks, the strategic shift at Georgian Manganese’s Zestafoni Ferroalloy Plant serves to appropriately balance the amount of silicomanganese GAA brings to market”

As a result of the shift, Georgian Manganese will produce approximately 3,500 tons of ferromanganese per month, which will lead to a reduction of silicomanganese production by approximately 3,000 tons per month.

“With Felman Production slated to resume production of silicomanganese in the coming weeks, the strategic shift at Georgian Manganese’s Zestafoni Ferroalloy Plant serves to appropriately balance the amount of silicomanganese GAA brings to market,” said Mordechai “Motti” Korf, Chief Executive Officer of GAA. “One of the many benefits of GAA’s organizational structure is that we are able to make the necessary changes across our businesses to serve our customers.”

About Georgian American Alloys, Inc.:

Georgian American Alloys, Inc., headquartered in Miami, FL, is a leading manufacturer and supplier of high quality ferrous alloys, elements essential in the manufacturing of iron and steel. The firm operates a number of domestic and international ferroalloys businesses including North American-based Felman Production, LLC, Felman Trading, Inc. and CC Metals & Alloys, LLC and Eastern European-based Georgian Manganese, LLC which is comprised of Chiatura Manganese Mine, Zestafoni Ferroalloy Plant, and Vartsikhe Hydroelectric facility. This diverse portfolio of companies and marketing arrangements allows Georgian American Alloys to offer seamless, reliable delivery of high quality products at competitive prices. For more information, please visit: www.gaalloys.com

Contacts

Media:
ICR, Inc.
Jason Chudoba, 646-277-1249
Jason.Chudoba@icrinc.com
or
John McKenna, 203-682-8252
John.McKenna@icrinc.com