ECONOMY INDUSTRIAL CORPORATION


NEWS RELEASE                                       10/2/94
For immediate release                 More info:  T.R. Allen

MANSBACH METAL CO. INSTALLS NEW PIG IRON CASTER
FIRST NEW INSTALLATION IN U.S.A. IN OVER 25 YEARS

AMBRIDGE, PA,  October 2, 1994    The first new pig iron casting machine installed in the U.S.A. in over 25 years has begun production at Mansbach Metal Co. in Ashland, Kentucky.  The machine will be used by Mansbach to pig excess iron from A-K (formerly Armco) Steel's Ashland Plant.

Mansbach expects to reach production of 30,000 tons per month later this year, making them potentially the largest merchant pig iron producer in the U.S.A.  The plant's pig iron is offered in 10 lb. sections, approximately 5" x 6" x 3", making the product an ideal feed material for electric furnace operations, capable of being handled by automatic feed systems. 

The use of an in-house pig machine, or off-site pigging sub-contractors, allows a steel plant to operate its blast furnaces at peak efficiency, extending campaign life and reducing operating costs.  Furnaces equipped with pulverized coal injection  (PCI) systems require steady-state operation to achieve optimum results.

Mansbach's new machine, built by Economy Industrial Corp. in Ambridge, PA, incorporates a number of automatic control systems to reduce operating and maintenance manpower and cost.  The machine is equipped with pushbutton control for smooth torpedo ladle car tilting, an automatic water spray system, automated mould coating system, and  patented technology for feed-back control of burners and cooling water from mould temperature sensors, to minimize mould temperature fluctuations. 

While the domestic pig iron casting machine market was dormant in the 70's and 80's, Economy supplied casting machines for the new HISmelt HRDF direct reduction facility in Kwinana, Australia, for ferroalloy plants in the U.S., Iceland, Norway, Colombia, and the Dominican Republic, and for numerous domestic and export stainless, steel, and non-ferrous casting installations.


                                                         
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