CMX TO REOPEN COLONIAL METALS IN MAY

California Metal-X (CMX) plans to reopen in May the Pennsylvania copper foundry it recently acquired from Colonial Metals, marking the company’s first foray into the east coast.

CMX will produce high-quality copper casting alloys at the Columbia, Pennsylvania, facility. In addition to acquiring Colonial’s assets, CMX paid the company’s remaining debts to allow the company to avoid bankruptcy, president Tim Strelitz told Argus.

Colonial Metals shuttered in June 2018 because of financial difficulties. Its Columbia foundry is the only brass and bronze manufacturing facility with a submerged electric arc furnace, which was used to recover low-grade copper scrap.

At the time of its closure, the facility was processing an estimated 90mn lbs of scrap metal per year.

CMX is the largest red metal, brass and bronze ingot manufacturer on the west coast, with an annual production capacity of more than 36mn lbs.

[SOURCE]

0 thoughts on “CMX TO REOPEN COLONIAL METALS IN MAY”

  1. People: whine about tax increases. Same people: whine because industry makes dirt and noise. Can't make this up, folks.

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  2. I am so happy industry is returning to our town. We need a store like Woolworths used to be not antiques and restaurants you can only eat out so often. Who can afford to eat out with the costs in these restaurants.

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  3. People: whine about tax increases. Same people: whine because industry makes dirt and noise. Can't make this up, folks.

    Like

  4. I am so happy industry is returning to our town. We need a store like Woolworths used to be not antiques and restaurants you can only eat out so often. Who can afford to eat out with the costs in these restaurants.

    Like

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