ECONOMY INDUSTRIAL CORPORATION
338 Fourteenth St., Ambridge, PA 15003 USA


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                                        NEWS RELEASE 9/1/99
For immediate release                                                                               
More info: T.R. Allen
(724) 266-5720


SANDUSKY INTERNATIONAL TO ENTER STAINLESS INGOT BUSINESS - PURCHASES NEW INGOT CASTING MACHINE

AMBRIDGE, PA, September 1, 1999 

In a joint venture with Remelt Sources, Inc., Sandusky International has entered the stainless ingot production business. Remelt Sources of Cleveland, Ohio, will supply the sorted scrap material, which Sandusky will melt in their Arc/AOD facility in Sandusky, Ohio. The 15 lb. ingots will be cast on a new 20-ton per hour stainless ingot casting machine supplied by Economy Industrial Corp.

The casting machine features Economy's automatic control system, to automate the operation of the water spray system, mould coating system, and mould drying burners. Interlocks between the ingot casting machine and the ladle slide-gate system, provide for fail-safe operation. The slide gate cannot be opened unless the casting machine is running, and the interlocks close the slide gate in the event of a stoppage of the casting machine. 

Economy's ingot casting machines have been installed in a variety of melt shops producing certified alloys, including Precision CastParts, Precision Rolled Products, Howmet Corp., Cannon-Muskegon Corp., and R. Lavin & Sons. The ingot casting machines are available in models from three to thirty tons per hour, and can produce ingots from 15 to 30 lbs.

In addition to ingot casting machines, Economy also produces nugget and pyramid casting machines, which produce 4 to 8 oz. nuggets or pyramids for production of Aluminum de-ox materials. Pyramid casters are in service at Galt Alloys in Canton and Imco Recycling in Ulrichsville, Ohio. Two ferronickel cone casting machines are in service at the Falconbridge Nickel plant in Bonao, Dominican Republic.

Economy Industrial also produces ferroalloy casting machines and pig iron casting machines, which are in service in North and South America, Europe, and South Africa.

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