BRIEF-Ampco-Pittsburgh Corp - Union Electric Steel Exits U.K. Cast Roll Operations

Reuters
Oct 16, 2025
BRIEF-Ampco-Pittsburgh Corp - Union Electric Steel Exits U.<a href="https://laohu8.com/S/TKKD.SI">K</a>. Cast Roll Operations

Oct 15 (Reuters) - Ampco-Pittsburgh Corp AP.N:

  • UNION ELECTRIC STEEL EXITS U.K. CAST ROLL OPERATIONS

  • EXIT ELIMINATES OPERATING LOSSES FOR UES-UK STARTING Q4 2025

  • EXIT INCREASES COST SAVINGS TO $7-$8 MILLION IN ADJUSTED EBITDA ON AN ANNUALIZED RUN-RATE BASIS

  • COMPANY TO RECOGNIZE $43-$45 MILLION NON-CASH CHARGE IN Q4 2025

  • UES-UK PLACED INTO ADMINISTRATION THROUGH A VOLUNTARY INSOLVENT WIND-UP ON OCTOBER 14, 2025

  • THIS ACTION IS CONFINED TO UES-UK SUBSIDIARY EXCLUSIVELY & DOES NOT AFFECT COMPANY OR ANY OF ITS OTHER SUBSIDIARIES

Source text: ID:nBw2ZwtCsa

Further company coverage: AP.N

((Reuters.Briefs@thomsonreuters.com;))

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