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AMPCO PITTSBURGH CORP

For the period ended Dec 31, 2023. Filed Mar 25, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Mar 25, 2024

AP$6.00+1.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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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 LocationPrincipal UseApproximateSquare FootageType of Construction
FORGED AND CAST ENGINEERED PRODUCTS SEGMENT
Union Electric Steel Corporation
Route 18Burgettstown, PA 15021*Manufacturing facilities296,800 on 55 acresMetal and steel
726 Bell AvenueCarnegie, PA 15106*Manufacturing facilities and offices165,900 on 8.7 acresMetal and steel
U.S. Highway 30Valparaiso, IN 46383*Manufacturing facilities88,000 on 20 acresMetal and steel
1712 Greengarden RoadErie, PA 16501*Manufacturing facilities40,000 on 1 acreMetal and steel
Union Electric Steel UK Limited
Coulthards LaneGateshead, EnglandManufacturing facilities and offices274,000 on 10 acresSteel framed, metal and brick
Åkers Sweden AB
Bruksallén 12SE-647 51Åkers Styckebruk, SwedenManufacturing facilities and offices394,000 on 162 acresSteel framed, metal and brick
Åkers Valji Ravne d.o.o.
Koroška c. 14SI-2390 Ravne na Koroškem, SloveniaManufacturing facilities and offices106,000 on 2.1 acresBrick
Shanxi Åkers TISCO Roll Co., Ltd.
No. 2 Jian Cao PingTaiyuan, Shanxi, ChinaManufacturing facilities and offices338,000 on 14.6 acresMetal, steel and brick
Alloys Unlimited and Processing, LLC
3760 Oakwood AvenueAustintown, OH 44515*Manufacturing facilities and offices69,800 on 1.5 acresSteel framed and cement block
Company and LocationPrincipal UseApproximateSquare FootageType of Construction
AIR AND LIQUID PROCESSING SEGMENT
Air & Liquid Systems Corporation
Aerofin Division4621 Murray PlaceLynchburg, VA 24506*Manufacturing facilities and offices146,000 on 15.3 acresBrick, concrete and steel
Buffalo Air Handling Division
467 Zane Snead DriveAmherst, VA 24531*Manufacturing facilities and offices89,000 on 19.5 acresMetal and steel
4201 Murray PlaceLynchburg, VA 24501*Manufacturing facilities and offices69,700 on 8.6 acresMetal and cement block
Buffalo Pumps Division
874 Oliver StreetN. Tonawanda, NY 14120*Manufacturing facilities and offices94,000 on 9 acresMetal, 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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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.