Felman Production, LLC and United Steelworkers Reach 42-Month Labor Agreement

NEW HAVEN, W. Va.--(BUSINESS WIRE)--

Felman Production, LLC (the “Company”), a leading producer of high-quality ferrosilicomanganese, announced today that it has reached a new 42-month labor contract with United Steelworkers Local 5171. The new agreement replaces the current contract, which was set to expire in early January, and covers more than 215 personnel at the Company's ferroalloys plant located in New Haven, West Virginia.

“We deeply value our employees and are pleased to reach an agreement that recognizes their contributions and positions the Company for continued growth and success,” said Felman Production Plant Manager John Konrady. “This new contract signifies a collective desire to work together to best serve our customers and ensure Felman Production remains the industry's leading supplier of low cost, high quality ferrosilicomanganese products.”

No details of the agreement were immediately released.

About Felman Production, LLC:

Founded in 2006 and headquartered in New Haven, WV, Felman Production, LLC is a leading producer of high-quality ferrosilicomanganese, an essential deoxidizer and alloy additive used in the manufacturing of steel. By utilizing multiple furnaces, which operate around-the-clock, the company produces approximately 105,000 metric tons of silicomanganese annually at its 190 plus acre facility. Felman Production's products are distributed to steelmakers across North and South America through its sister company Felman Trading, Inc., an international ferroalloys trading company. Felman Production is one of only two companies in the United States that produces critically important silicomanganese. Felman Production is a wholly-owned subsidiary of Miami-based Georgian American Alloys, Inc. For more information, please visit: www.fpiwv.com/