Horsehead Corporation, a leading U.S. producer of specialty zinc and zinc-based products, and a wholly-owned subsidiary of Horsehead Holding Corp. (Nasdaq:ZINC), today announced that it has entered into an agreement granting Shell Chemical LP an option to purchase the site of its current zinc production operations located near Monaca, PA, to evaluate it for a potential petrochemical complex.
“We are moving our zinc production operations to our new plant which is under construction in North Carolina and expected to startup during the third quarter of 2013,” said Jim Hensler, Horsehead President & CEO. Hensler added, “We believe this option provides the best value proposition for Horsehead among the several alternatives we are considering for this site.” The option, if exercised, would require Horsehead to vacate its Monaca site by April 30, 2014.
Horsehead Holding Corp. (“Horsehead”) (Nasdaq: ZINC) is the parent company of Horsehead Corporation, a leading U.S. producer of specialty zinc and zinc-based products and a leading recycler of electric arc furnace dust; The International Metals Reclamation Company (“INMETCO”), a leading recycler of metals-bearing wastes and a leading processor of nickel-cadmium (NiCd) batteries in North America; and Zochem Inc., a zinc oxide producer located in Brampton, Ontario. Horsehead, headquartered in Pittsburgh, Pa., employs approximately 1,150 people and has eight facilities throughout the U.S. and Canada. Visit
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