ECONOMY INDUSTRIAL CORPORATION

Stainless Steel Ingot Casting Machine 
Installed at IC Vtormet in Moscow, Russia

NEWS RELEASE                                         24 Oct 09

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

AMBRIDGE, PA,  October 24, 2009    Industrial Corporation Vtormet is one of The Russian Federation's leading recycling companies. Its activities span many grades of non-ferrous metal, and they wished to expand into stainless steel recycling.

The recycled ingots would be sold to Induction Furnace remelt foundries, who could rely on the alloy certification in the master alloy ingots supplied by IC Vtormet.

After searching the world for a reliable supplier, the firm selected Economy Industrial because of its past experience in building machines to cast stainless steel alloys. The master alloy producer purchases stainless scrap for melting, then carefully adjusts the analysis of the metal by adding any required alloys to bring it up to specification. The final alloy is then cast into ingots to be sold as a certified alloy, of known analysis.

The remelt foundries rely on the alloy's certification, and can produce parts for end users with confidence that the alloy grade has been certified.

The machine was supplied with Economy Industrial's proprietary automatic control
system, which controls the mould wash, water cooling, exhaust system and burner operation. A steam hood complete with an automated exhaust fan system was
incorporated into the machine's design.

Alloy steel casting machines have been provided to many master alloy producers in the USA, as well as to the Puget Sound Naval Shipyard, in Bremerton, WA. At Puget Sound Shipyard, the armor plate ingots were cast from metal from scrapped submarine hulls, which were dismantled in accordance the the US-Russia disarmament treaty.

#  #  #