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FE Mottram suspends FeTi output until market improves

July 02, 2009 - 16:10 GMT Location: London

KEYWORDS: ferro-titanium , FE Mottram , clementine wallop , metal , aluminium , daniel nix

FE Mottram is suspending production at its ferro-titanium plant in Sheffield until the market improves, md Daniel Nix said on Thursday, just days after it put its secondary aluminium operations into voluntary liquidation

“In view of the current economic climate, the directors of FE Mottram Ltd have decided to suspend production for a period of time until the market for ferro-titanium is more favourable,” Nix said in the statement emailed to MB. The company’s decision to suspend production while the market recovers and the company restructures its finances is connected to the liquidation of the FE Mottram (Non-Ferrous) Congleton late last month, Nix said. “The company remains solvent but due to pressures from suppliers caused by the closure of FE Mottram (Non Ferrous) Limited and difficult demands from the group’s bankers, a short period of time will be needed to restructure the company finances,” he said. Nix’s comments...

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