Tuesday, December 28, 2010
AK Steel Announces Closure Of Ashland Coke Plant
KENTUCKY....
AK Steel announced Tuesday afternoon the Ashland Coke Plant will permanently close next year, affecting 263 people. Procedures for the closure are expected to be completed early in the second quarter of 2011. AK Steel officials say that while the company's goal is to be more self-sufficient in steelmaking raw materials, increased maintenance and increasingly stringent environmental regulations have resulted in the coke plant no longer being cost competitive, and further operation of the plant is not in the best interests of the company and its shareholders. The company says it will do its best to provide jobs for the affected employees at its Ashland Works or elsewhere in the company.
AK Steel announced Tuesday afternoon the Ashland Coke Plant will permanently close next year, affecting 263 people. Procedures for the closure are expected to be completed early in the second quarter of 2011. AK Steel officials say that while the company's goal is to be more self-sufficient in steelmaking raw materials, increased maintenance and increasingly stringent environmental regulations have resulted in the coke plant no longer being cost competitive, and further operation of the plant is not in the best interests of the company and its shareholders. The company says it will do its best to provide jobs for the affected employees at its Ashland Works or elsewhere in the company.
# posted by Homer Owens @ 11:21 PM 
