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Louisville, Kentucky,
November 5, 2002 – On November 4, 2002, Carbide Industries LLC
announced that it had completed the purchase of substantially all of the
operating assets of the Carbide Products Business Unit from The
Carbide/Graphite Group, Inc., (“C/G”) a Pittsburgh based manufacturer
of graphite electrodes, needle coke and calcium carbide based products.
Carbide Industries is a newly created and privately owned
company that was formed expressly to purchase and operate the facilities
of C/G’s Carbide Products Business Unit. The new company will continue
to produce quality calcium carbide products and acetylene at its plants in
both Louisville and Calvert City Kentucky.
Ara Hacetoglu, Carbide
Industries President commented, “the uncertainties of operating
under bankruptcy protection has made the past year very difficult for all
concerned. With the formation of our new company, we have an opportunity
to establish ourselves as the preferred supplier of calcium carbide based
products in North America and to secure long term relationships with our
stakeholders.”
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