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No politician could have saved Ormet

November 23, 2013
The Marietta Times

Ormet could not have been saved by any governor, president, senator or politician. Ormet was doomed the day aluminum became a traded commodity. Aluminum prices have been volatile for years but rarely in the past 15 years has the traded commodity price been sufficient for Ormet to make a profit. This sporadic market is even worse when the smelter relies on coal fired generated electricity and is saddled with an outdated and inefficient process. Ormet had three strikes against it in the form of high electricity, raw material and labor costs No one could have or should have saved this manufacturing operation when the price for the commodity is well below the cost to produce it.

 
 

 

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