Bankrupt US zinc recycler Horsehead lost another $10.1 million in June
来源： 发布日期：2016-08-13 22:09:44 发布者： 共阅977次 字体：
大 中 小
US zinc recycler Horsehead Holding Corp lost a further $10.1 million in June, extending its total net losses to nearly $64 million since it filed for Chapter 11 federal bankruptcy reorganization February 2, a new court filing shows.
The Pittsburgh-based company told the US Bankruptcy Court for the District of Delaware on Thursday its International Metals Reclamation Co. (Inmetco) subsidiary in Elmwood, Pennsylvania, posted a modest profit of $273,000 in June.
Meanwhile, its Zochem subsidiary in Ontario, Canada, lost $89,000 in June after a loss of $27 million in May.
Horsehead reported net sales of $21.9 million in June, compared with $26.5 million in May. The companys total net sales were about $127 million from February 2 through June 30, while cost of sales was about $130 million.
At the end of June, Horsehead had $16.8 million of cash and cash equivalents on hand and net inventories of $25.9 million.
The disposition of Horseheads idle zinc plant in Mooresboro, North Carolina, remains a key focus of both the company and its creditors as Horsehead continues through bankruptcy.
Horsehead has described the $550 million plant as having virtually no value and asserts it would take three years and at least $117 million more to restart the facility and get it running at nameplate capacity of about 155,000 tons a year.
welcome！ [Please log in] [Free registration]
Use help
| Saved in this Website
| Collection
| Customer service number:010-68624885
print
Return top
close this page