ECONOMY INDUSTRIAL CORPORATION

NEWS RELEASE                                  15 September 2004

For immediate release                                 More info: D. Gerhardt
                                                                         (1) 724-266-5720

New Process Announced for Casting High Carbon Ferrochrome

Ambridge, PA, USA     Economy Industrial Corporation, Ambridge, PA, USA have filed patent applications for a new process for casting high carbon ferrochrome on its casting machines. Economy Industrial is represented in Southern Africa by Redwing Technologies.

The conventional practice of casting ferrochrome in large blocks in sand moulds or iron chills requires substantial energy in breaking and crushing the product, and risks alloy segregation from slow solidification, as well as silicon contamination from the sand beds..

The new technique utilizes controlled process design to achieve controlled breakage of the cast product and to maximize casting machine mould life. The rapid solidification occurring in the new process results in smaller grain size, and in more uniform product composition.

Laboratory tests, conducted earlier this year at the Center for Iron and Steel Research at Carnegie-Mellon University in Pittsburgh, verified that the mould peak temperatures could be effectively controlled, even at casting temperatures as high as 1650 deg. C.

By casting the alloy in thin slab form, breakage at discharge was achieved that can minimize or eliminate the need for crushing. Even when limited crushing is required, the fractured pieces require only two-dimensional size reduction, since the thickness is uniform.

Economy Industrial had previously installed three of its casting machines in South Africa, at Iscor Steel Pretoria (now decommissioned), Ticor S-A (Kumba), and Anglo Platinum in Polokwane. The Anglo Platinum installation, including a hydraulic ladle tilter, was the first installation to successfully cast nickel-sulphur matte on a modified pig casting machine.

Other ferroalloy, pig iron and ingot casting machines have been supplied by Economy Industrial to ferroalloy, iron and non-ferrous metals producers in Australia, Canada, Dominican Republic, Europe, Saudi Arabia, South American, and USA. The most recent installation was a Magnesium Ferrosilicon casting machine for Elkem Metals Canada, similar in design to that supplied earlier to Elkem Bjølvefossen in Norway.

All of Economy Industrial’s casting machines incorporate its proprietary and previously patented process control design. The current control system achieves a high degree of automation with extensive safety interlocks, to increase productivity, yield, and product quality.

More information on Economy Industrial’s casting machines is available at www.economyindustrial.com, or from Redwing Technologies at +27 (0)11 467-0014.

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