ECONOMY INDUSTRIAL CORPORATION

Pig Iron Casting Machines 
Installed at Demonstration Plant 
in Australia

NEWS RELEASE                                         3 Mar 06

For immediate release                 More info:  Tom  Allen   
                                                                    (1) 724-266-5720    

Two Pig Casting Machines Installed in
DRI Demonstration Plant in Australia

AMBRIDGE, PA,  March 3, 2006

In a demonstration plant in West Australia, Economy Industrial has installed two 127- metric ton per hour pig casting machines to handle the entire output of the 900,000 mt/y reduction process. Each machine is fully independent, providing redundancy of capacity. The plant is expected to reach full capacity operation by mid-2006. For photos, click here.

The new pig castings machines cast 10 lb. [4.5 kG] piglets, each approximately 6”x5”x2 ½” deep, and utilize Economy's proprietary automatic control system. The highly automated machines reduces manpower requirements by controlling operation of the ladle tilters,  mould cooling and mould coating systems by the local PLC control, linked to the plant's distributed control system. Numerous interlocks provide a high level of safety and security.

As more Direct Reduction Iron plants are installed in Mini-mills to provide a hot metal charge for the EAFs, the use of pig casting machines will allow production of a saleable merchant iron product when hot metal is not needed for the steel plant. By keeping the iron plant running on a continuous basis, maintenance costs are reduced, and a desirable commodity can be produced for profitable sale or internal use as a clean iron source.

Economy's development program, based on its patented technology, custom designs the mould mass ratio, cooling time cycle, and water cooling application rate and method to minimize the steady-state peak temperatures of the moulds. Since allowing mould temperatures to reach high levels shortens their life, this process design results in longer mould life, with lower operating costs. A patent is pending on a technique to extend mould life.

In addition to its pig iron, ferroalloy, and nickel matte casting machine installations, Economy Industrial has supplied a number of machines to cast stainless and alloy steel for certified alloy producers, brass and aluminum casters for  primary ingot production, and zinc slab casters. 

A machine supplied to U.S. Navy Puget Sound Shipyard was used to convert high-strength alloy steel plate from de-commissioned Polaris submarines into ingots.  Economy has also been active in building casting machines for brass and aluminum re-cycling, serving several clients in the Middle East, in addition to the domestic market. 

A smaller 60-metric ton per hour machine was commissioned at a mineral sands plant in early 2003, at Ticor S-A, in Empangeni, KZN, South Africa in 2004, and a 70-metric ton per hour nickel matte caster in Polokwane, Limpopo, South Africa in 2005. 

Economy expects a growing market from future direct reduction iron plant installations, and additional mineral sands plants scheduled for construction in the coming years. In the mineral sands plants, the Ilmenite ore is converted into Titanium dioxide, with high-quality pig iron as an important and profitable by-product.

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