PITTSBURGH, Oct. 28 /PRNewswire-FirstCall/ -- Zinc producer Horsehead Corporation, a wholly owned subsidiary of Horsehead Holding Corp., , today announced it has broken ground at a site in Barnwell County, South Carolina, where it will build a zinc recycling facility. The announcement came at a ceremony celebrating the groundbreaking in Barnwell County.
Horsehead is constructing a recycling facility to process electric arc furnace dust, a zinc-containing waste produced by mini-mill steel production. The new Horsehead facility is expected to have a fully-installed capacity of 180,000 tons per year. Start-up of the first of two units is slated for mid-2009. The facility is Horsehead's first Greenfield project.
Horsehead Holding Corp. is a leading U.S. producer of specialty zinc and zinc-based products. Headquartered in Pittsburgh, PA, Horsehead employs over 1,000 people and operates six facilities throughout the U.S. Visit http://www.horsehead.net/ for more information.
Some of the statements in this press release are forward-looking statements. Forward-looking statements include statements about our future prospects, operating plans, business strategy, commercial relationships and financial performance. Statements that contain words such as " will", "should", "anticipate", "believe", "expect", "intend", "estimate", "hope" or similar expressions, are forward-looking statements. These forward-looking statements are based on the current expectations of the Company. Because forward-looking statements involve inherent risks and uncertainties, the plans, actions and actual results of the Company could differ materially from those described in this release. Among the factors that could cause plans, actions and results to differ materially from the Company's current expectations include those factors identified under Part II, Item 1A. "Risk Factors" in Horsehead's Quarterly Report on Form 10-Q for the quarter ended June 30, 2008 filed with the Securities and Exchange Commission and available at the SEC's website at "http://www.sec.gov/".
