MONACA, Pa., Jan. 2 /PRNewswire-FirstCall/ -- Horsehead Holding Corp. , a leading U.S. producer of zinc metal and zinc oxide and among the world's largest recyclers of electric arc furnace (EAF) dust and other zinc-bearing materials, announced today that its wholly-owned subsidiary, Horsehead Corporation, has started up a second Waelz kiln at its Rockwood, Tenn., location. The Waelz kiln utilizes Horsehead's proprietary know-how for recycling EAF dust.
Horsehead broke ground at the Rockwood facility in December 2006 with expectations to be operational by the end of 2007. The new kiln will double the current EAF dust processing capacity at that location. "We are excited about this expansion which will allow us to grow our EAF dust recycling business by 15 percent by increasing our service to the growing mini-mill steel industry," said Jim Hensler, Horsehead's President & CEO. The new zinc units from this new kiln will feed Horsehead's smelting operation in its Monaca, Pa., facility, which in turn will produce more zinc products. The addition of the new kiln will also create 10 additional jobs.
Horsehead Holding Corp. is a leading U.S. producer of specialty zinc and zinc-based products. Headquartered in Monaca, PA, Horsehead employs over 1,000 people and operates six facilities throughout the U.S. Visit http://www.horsehead.net/ for more information.
Some of the statements in this press release are forward-looking statements. Forward-looking statements include statements about our future prospects, operating plans, business strategy, commercial relationships and financial performance. Statements that contain words such as " will", "should", "anticipate", "believe", "expect", "intend", "estimate", "hope" or similar expressions, are forward-looking statements. These forward-looking statements are based on the current expectations of the Company. Because forward-looking statements involve inherent risks and uncertainties, the plans, actions and actual results of the Company could differ materially from those described in this release. Among the factors that could cause plans, actions and results to differ materially from the Company's current expectations include those factors identified under Part II, Item 1A. "Risk Factors" in Horsehead's Quarterly Report on Form 10-Q for the quarter ended September 30, 2007 filed with the Securities and Exchange Commission and available at the SEC's website at "http://www.sec.gov/".
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