Global Brass sees temporary disruption at East Alton Olin Brass plant
Global Brass and Copper Holdings, Inc. today blamed equipment failure for a temporary disruption to a portion of the production at its Olin Brass’ operating facility in East Alton.
The facility has temporarily reduced production due to an equipment failure impacting an intermediate segment of the mill’s production process, the company said in a statement. The Olin Brass manufacturing and maintenance teams have developed a corrective action plan and anticipate full production capacity to be restored by the week of June 6.
Olin Brass customers may experience a temporary disruption in supply, with possible adjustments to their delivery schedules, the company said. To mitigate disruptions in supply, the Olin Brass management team is working proactively with customers and has secured support from other strip industry participants.
Based upon the assumption that the timetable is met, the company said it should remain consistence on 2016 business, with shipment volumes to range from 510 million pounds to 545 million pounds and adjusted EBITDA to range from $115 million to $125 million.
