To view the PDF file, sign up for a MySharenet subscription.

HLM - Hulamin Limited - Temporary closure of Camps Drift Hot Finishing Mill

Release Date: 14/05/2012 15:36
Code(s): HLM
Wrap Text

HLM - Hulamin Limited - Temporary closure of Camps Drift Hot Finishing Mill HULAMIN LIMITED Incorporated in the Republic of South Africa (Registration number 1940/013924/06) ISIN: ZAE000096210 Share Code: HLM ("Hulamin") TEMPORARY CLOSURE OF CAMPS DRIFT HOT FINISHING MILL Shareholders are advised that the Camps Drift hot finishing mill has been shut due to a component failure. The damage is being repaired and the mill is expected to be recommissioned by 11 June 2012. While the repair is underway, Hulamin Rolled Products will continue to produce thicker gauge plate products, the twin roll casters will continue to operate and all inventory will be processed. It is estimated that approximately 23 000 tons of production will be lost as a result of the breakdown. A planned shutdown, in the Camps Drift remelt has been pulled forward to coincide with the repair and labour requirements have been adjusted accordingly. Hulamin carries cost of repair and business interruption insurance. A claim will be submitted once losses have been finalised. An announcement will be made following the recommissioning of the Camps Drift hot finishing mill. Pietermaritzburg 14 May 2012 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 14/05/2012 15:36:52 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story