BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)--Jun. 28, 2018--
GrafTech International Ltd. (NYSE: EAF) (GrafTech or the Company) has
received two prestigious Awards for Steel Excellence from American Metal
Market (AMM) for Best Innovation – Process as well as Raw
Materials/Consumables Provider of the Year.
The AMM Awards for Steel Excellence recognize world-class innovation and
excellence in steel and steel-related industries. Winners are selected
by a panel of judges with extensive steel industry leadership experience.
“Our mission is to provide the best graphite electrodes along with world
class services and solutions while maintaining a competitive cost
structure,” said David Rintoul, President and CEO of GrafTech. “I am
extremely proud of the more than thirteen hundred GrafTech employees
working tirelessly to accomplish that mission every day.”
GrafTech has undergone an enormously successful multi-year
transformation. The Company has achieved significant fixed manufacturing
cost improvements. In 2018, GrafTech plans to produce more graphite
electrodes from three facilities than was previously produced from six
facilities.
The Company has also successfully implemented a commercial strategy to
sell approximately two-thirds of its production capacity through three-
to five-year fixed-volume, fixed-price take-or-pay contracts. These
contracts provide reliability of long-term graphite electrode supply for
customers and stability of future operating results for shareholders.
About GrafTech
GrafTech International Ltd. is a leading manufacturer of high quality
graphite electrode products essential to the production of electric arc
furnace (or EAF) steel and other ferrous and non-ferrous metals. The
Company has a competitive portfolio of low-cost graphite electrode
manufacturing facilities, including three of the highest capacity
facilities in the world. GrafTech is also the only large scale graphite
electrode producer that is substantially vertically integrated into
petroleum needle coke, the primary raw material for graphite electrode
manufacturing, which is currently in limited supply. This unique
position provides competitive advantages in product quality and cost.
GrafTech is listed on the New York Stock Exchange under the ticker
symbol “EAF.”
Cautionary Statement Regarding Forward-Looking Statements
Statements in this press release regarding the Company that are not
historical facts are “forward-looking statements” that involve risks and
uncertainties. The Company undertakes no obligation to update the
information contained in this press release to reflect subsequently
occurring events or circumstances.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180628005940/en/
Source: GrafTech International Ltd.
GrafTech International Ltd.
Meredith Bandy, 216-676-2000
Vice
President Investor Relations & Corporate Communications