AMPCO PITTSBURGH CORP
For the period ended Dec 31, 2023. Filed Mar 25, 2024.
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FY2023 · Filed Mar 25, 2024
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Item 2. Properties
The location and general character of the principal locations in each segment are included in the below summary. All domestic locations are leased and foreign locations are owned, unless otherwise noted. In addition, the Corporation has sales offices located in several foreign countries. See Note 4, Property, Plant and Equipment, and Note 9, Debt, to the Consolidated Financial Statements for disclosure of properties held as collateral.
| Company and Location | Principal Use | ApproximateSquare Footage | Type of Construction |
|---|---|---|---|
| FORGED AND CAST ENGINEERED PRODUCTS SEGMENT | |||
| Union Electric Steel Corporation | |||
| Route 18Burgettstown, PA 15021* | Manufacturing facilities | 296,800 on 55 acres | Metal and steel |
| 726 Bell AvenueCarnegie, PA 15106* | Manufacturing facilities and offices | 165,900 on 8.7 acres | Metal and steel |
| U.S. Highway 30Valparaiso, IN 46383* | Manufacturing facilities | 88,000 on 20 acres | Metal and steel |
| 1712 Greengarden RoadErie, PA 16501* | Manufacturing facilities | 40,000 on 1 acre | Metal and steel |
| Union Electric Steel UK Limited | |||
| Coulthards LaneGateshead, England | Manufacturing facilities and offices | 274,000 on 10 acres | Steel framed, metal and brick |
| Åkers Sweden AB | |||
| Bruksallén 12SE-647 51Åkers Styckebruk, Sweden | Manufacturing facilities and offices | 394,000 on 162 acres | Steel framed, metal and brick |
| Åkers Valji Ravne d.o.o. | |||
| Koroška c. 14SI-2390 Ravne na Koroškem, Slovenia | Manufacturing facilities and offices | 106,000 on 2.1 acres | Brick |
| Shanxi Åkers TISCO Roll Co., Ltd. | |||
| No. 2 Jian Cao PingTaiyuan, Shanxi, China | Manufacturing facilities and offices | 338,000 on 14.6 acres | Metal, steel and brick |
| Alloys Unlimited and Processing, LLC | |||
| 3760 Oakwood AvenueAustintown, OH 44515* | Manufacturing facilities and offices | 69,800 on 1.5 acres | Steel framed and cement block |
| Company and Location | Principal Use | ApproximateSquare Footage | Type of Construction |
|---|---|---|---|
| AIR AND LIQUID PROCESSING SEGMENT | |||
| Air & Liquid Systems Corporation | |||
| Aerofin Division4621 Murray PlaceLynchburg, VA 24506* | Manufacturing facilities and offices | 146,000 on 15.3 acres | Brick, concrete and steel |
| Buffalo Air Handling Division | |||
| 467 Zane Snead DriveAmherst, VA 24531* | Manufacturing facilities and offices | 89,000 on 19.5 acres | Metal and steel |
| 4201 Murray PlaceLynchburg, VA 24501* | Manufacturing facilities and offices | 69,700 on 8.6 acres | Metal and cement block |
| Buffalo Pumps Division | |||
| 874 Oliver StreetN. Tonawanda, NY 14120* | Manufacturing facilities and offices | 94,000 on 9 acres | Metal, brick andcement block |
- Facility is leased.
Most of the Corporation’s domestic real property locations are subject to sale and leaseback financing transactions with STORE, including its manufacturing facilities. See Note 9, Debt, to the Consolidated Financial Statements.
UES subleases office space to the Corporation. The Corporation further subleases a portion of its office space to Air & Liquid for use as its headquarters.
The Corporation believes all of the owned facilities are adequate and suitable for their respective purposes.
The forge roll facilities of the FCEP segment operated within 75% to 85% of their normal capacity during 2023. The cast roll facilities of the FCEP segment operated within 70% to 80% of normal operating capacity during 2023, primarily due to soft European demand. The facilities of the ALP segment operated within 70% to 80% of their normal capacity. Normal capacity is defined as capacity under approximately normal conditions with allowances made for unavoidable interruptions such as lost time for repairs, maintenance, breakdowns, set-up, failure, supply delays, labor shortages and absences, Sundays, holidays, vacation, and inventory taking. The number of work shifts is also taken into consideration.
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