Parma, OH, United States

GrafTech International

www.graftech.com
Parma, OH, United States
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Grant
Agency: European Commission | Branch: FP7 | Program: CP | Phase: Fission-2007-6.0.01;Fission-2007-1.1-01 | Award Amount: 12.29M | Year: 2008

Gas-Cooled Reactors (GCR), RBMK and some Material Test Reactors (MTR) make use of graphite as moderator of the fuel, structures of the core and/or thermal columns. During operation, the graphite and other carbonaceous materials like carbon brick, pyrocarbon and silicon carbide coatings are contaminated by fission products and neutron activation. These irradiated carbonaceous wastes are problematic due to their content of long-lived radioisotopes (e.g. Carbon14, Chlorine 36) and due to their large volumes. About 250000 t of i-carbon are existing, worldwide. Acceptable solutions have not yet been established to handle this kind of waste. This fact also represents a significant drawback for the market introduction of graphite-moderated reactors like Very/High-Temperature Reactors (V/HTR) as a promising Generation IV system candidate. Graphite moderated reactors represent the very first generation of nuclear reactors and therefore need to be decommissioned ahead of other reactor types which evolved later. Presently, accelerated decommissioning of GCR and RBMK and subsequent disposal of i-graphite is the preferred option for not leaving this waste as a legacy for future generations. The CARBOWASTE project aims at an integrated waste management approach for this kind of radioactive wastes which are mainly characterized as Intermediate Level Waste (ILW), due to the varying content of long-lived radioisotopes. Methodologies and databases will be developed for assessing different technology options like direct disposal in adopted waste containers, treatment & purification before disposal or even recycling i-carbonaceous material for reuse in the nuclear field. The feasibility of the associated processes will be experimentally investigated to deliver data for modeling the microstructure and localization of contaminants. This is of high importance to better understand the origin of the contamination and the release mechanisms during treatment and/or disposal.


Grant
Agency: European Commission | Branch: FP7 | Program: CP-IP | Phase: Fission-2010-2.3.1 | Award Amount: 10.12M | Year: 2011

In line with the Sustainable Nuclear Energy Technology Platform (SNETP) Strategic Research Agenda (SRA) and Deployment Strategy (DS), the ARCHER project will extend the state-of-the-art European (V)HTR technology basis with generic technical effort in support of nuclear cogeneration demonstration. The partner consortium consists of representatives of conventional and nuclear industry, utilities, Technical Support Organisations, R&D institutes and universities. They jointly propose generic efforts composed of: -System integration assessment of a nuclear cogeneration unit coupled to industrial processes -Critical safety aspects of the primary and coupled system: oPressure boundary integrity oDust oIn-core hot spots oWater and air ingress accident evaluation -Essential HTR fuel and fuel back end R&D oPIE for fuel performance code improvement and validation oBack end research focused on radiolysis -Coupling component development: oIntermediate heat exchanger development oSteam generator assessment -High temperature material R&D: oCompletion of graphite design curves oMaking use of the experience of state of the art metal in conventional industry -Nuclear cogeneration knowledge management, training and communication The activities proposed are imbedded in the international framework via GIF; direct collaboration within the project with international partners from the US, China, Japan, and the republic of Korea; and cooperation with IAEA and ISTC. The proposal is a technical building block supporting nuclear cogeneration as fossil fuel alternative for industry and as such supports a high potential contribution to European energy strategy as defined in the SET-Plan. The results of the proposal will be reported to SNETP, to support the strategic pillar of other uses of nuclear energy, and the establishment of a Nuclear Cogeneration Industrial Initiative, which shall include effective (international) nuclear cogeneration demonstration.


News Article | November 8, 2016
Site: www.newsmaker.com.au

Notes: Sales, means the sales volume of FEP Coated Polyimide Film Revenue, means the sales value of FEP Coated Polyimide Film This report studies sales (consumption) of FEP Coated Polyimide Film in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering GrafTech International Panasonic TOYO TANSO Kaneka Corporation T-Global International Teadit Lodestar Technology Tanyuan Technology Beichuan Precision (HK) Saintyear Electronic Dasen Electronics Materials HFC FRD ZhuZhou ChenXin Induction Equipment (CN) Suzhou Sidike New Materials Kangdao Technology Market Segment by Regions, this report splits Global into several key Regions, with sales (consumption), revenue, market share and growth rate of FEP Coated Polyimide Film in these regions, from 2011 to 2021 (forecast), like North America China Europe Japan Southeast Asia India Split by product types, with sales, revenue, price, market share and growth rate of each type, can be divided into Type I Type II Type III Split by applications, this report focuses on sales, market share and growth rate of FEP Coated Polyimide Film in each application, can be divided into Aerospace Electronics Energy Industrial Other 1 FEP Coated Polyimide Film Overview 1.1 Product Overview and Scope of FEP Coated Polyimide Film 1.2 Classification of FEP Coated Polyimide Film 1.2.1 Type I 1.2.2 Type II 1.2.3 Type III 1.3 Applications of FEP Coated Polyimide Film 1.3.1 Aerospace 1.3.2 Electronics 1.3.3 Energy 1.3.4 Industrial 1.3.5 Other 1.4 FEP Coated Polyimide Film Market by Regions 1.4.1 North America Status and Prospect (2011-2021) 1.4.2 China Status and Prospect (2011-2021) 1.4.3 Europe Status and Prospect (2011-2021) 1.4.4 Japan Status and Prospect (2011-2021) 1.4.5 Southeast Asia Status and Prospect (2011-2021) 1.4.6 India Status and Prospect (2011-2021) 1.5 Global Market Size (Value and Volume) of FEP Coated Polyimide Film (2011-2021) 1.5.1 Global FEP Coated Polyimide Film Sales, Revenue and Price (2011-2021) 1.5.2 Global FEP Coated Polyimide Film Sales and Growth Rate (2011-2021) 1.5.3 Global FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) 2 Global FEP Coated Polyimide Film Competition by Manufacturers, Type and Application 2.1 Global FEP Coated Polyimide Film Market Competition by Manufacturers 2.1.1 Global FEP Coated Polyimide Film Sales and Market Share of Key Manufacturers (2015 and 2016) 2.1.2 Global FEP Coated Polyimide Film Revenue and Share by Manufacturers (2015 and 2016) 2.2 Global FEP Coated Polyimide Film (Volume and Value) by Type 2.2.1 Global FEP Coated Polyimide Film Sales and Market Share by Type (2011-2021) 2.2.2 Global FEP Coated Polyimide Film Revenue and Market Share by Type (2011-2021) 2.3 Global FEP Coated Polyimide Film (Volume and Value) by Regions 2.3.1 Global FEP Coated Polyimide Film Sales and Market Share by Regions (2011-2021) 2.3.2 Global FEP Coated Polyimide Film Revenue and Market Share by Regions (2011-2021) 2.4 Global FEP Coated Polyimide Film (Volume) by Application Figure Picture of FEP Coated Polyimide Film Table Classification of FEP Coated Polyimide Film Figure Global Sales Market Share of FEP Coated Polyimide Film by Type in 2015 Table Applications of FEP Coated Polyimide Film Figure Global Sales Market Share of FEP Coated Polyimide Film by Applications in 2015 Figure Aerospace Examples Figure Electronics Examples Figure Energy Examples Figure Industrial Examples Figure Other Examples Figure North America FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) Figure China FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) Figure Europe FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) Figure Japan FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) Figure Southeast Asia FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) Figure India FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) Table Global FEP Coated Polyimide Film Sales, Revenue and Price (2011-2021) Figure Global FEP Coated Polyimide Film Sales and Growth Rate (2011-2021) Figure Global FEP Coated Polyimide Film Revenue and Growth Rate (2011-2021) Table Global FEP Coated Polyimide Film Sales of Key Manufacturers (2015 and 2016) Table Global FEP Coated Polyimide Film Sales Share by Manufacturers (2015 and 2016) Figure 2015 FEP Coated Polyimide Film Sales Share by Manufacturers Figure 2016 FEP Coated Polyimide Film Sales Share by Manufacturers Table Global FEP Coated Polyimide Film Revenue by Manufacturers (2015 and 2016) Table Global FEP Coated Polyimide Film Revenue Share by Manufacturers (2015 and 2016) Table 2015 Global FEP Coated Polyimide Film Revenue Share by Manufacturers Table 2016 Global FEP Coated Polyimide Film Revenue Share by Manufacturers Table Global FEP Coated Polyimide Film Sales and Market Share by Type (2011-2021) Table Global FEP Coated Polyimide Film Sales Share by Type (2011-2021) Figure Sales Market Share of FEP Coated Polyimide Film by Type (2011-2021) FOR ANY QUERY, REACH US @    FEP Coated Polyimide Film Sales Global Market Research Report to 2016


BALA CYNWYD, Pa.--(BUSINESS WIRE)--Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of GrafTech International Ltd. ("GrafTech” or "the Company") (NYSE: GTI) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Brookfield Asset Management, Inc. (“Brookfield”). Click here to learn more about the investigation http://brodsky-smith.com/939-gti-graftech-international-ltd.html, or call: 877-534-2590. There is no cost or obligation to you. Under the terms of the transaction, GrafTech shareholders will receive only $5.05 in cash for each share of GrafTech stock they own. The investigation concerns whether the Board of GrafTech breached their fiduciary duties to shareholders and whether Brookfield is underpaying for GrafTech. The transaction may undervalue GrafTech and would result in a substantial loss for many GrafTech shareholders. For example, an analyst has placed a $6.00 per share price target on GrafTech stock and on January 16, 2014 GrafTech stock traded at $12.97 per share. If you own shares of GrafTech and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004 by visiting http://brodsky-smith.com/939-gti-graftech-international-ltd.html, or calling toll free 877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.


News Article | June 29, 2015
Site: www.businesswire.com

INDEPENDENCE, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:GTI) today announced that its EBITDA* and operating cash flow for the first half of 2015 is now expected to be at the low end of the previous guided targeted ranges of $30 million to $40 million each, and could fall slightly below the targeted ranges. The Company reported that market conditions remain challenging in both the Industrial Materials segment and Engineered Solutions segment. While pricing in the Industrial Materials segment is generally consistent with expectations, volumes remain under pressure due to weak electric arc furnace steel production in its key North American and European markets driven by high steel import levels. In the Engineered Solution segment, sales are also lower than expected as industrial and oil and gas sector demand continues to be weak. Additionally, lower volumes and pricing pressure have affected product sales into the advanced consumer electronics market. In light of these market conditions, the Company will reduce production rates further to align with current market demand. As previously announced, GrafTech has agreed to issue $150 million of convertible preferred stock to an affiliate of Brookfield Asset Management (Brookfield) pursuant to an investment agreement. This transaction will close upon receipt of the required regulatory approvals, which are expected to be received in July or early August. Also, as previously announced, Brookfield has launched a tender offer to acquire up to all of the outstanding shares of GrafTech common stock at a purchase price of $5.05 per share. The tender offer will expire at 12:00 midnight, New York City time, on July 7, 2015, unless extended in accordance with the terms of the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission. Closing of the tender offer is subject to receipt of required regulatory approvals. GrafTech International is a global company that has been redefining limits for more than 125 years. We offer innovative graphite material solutions for our customers in a wide range of industries and end markets, including steel manufacturing, advanced energy applications and latest generation electronics. GrafTech operates 18 principal manufacturing facilities on four continents and sells products in over 70 countries. Headquartered in Independence, Ohio, GrafTech employs approximately 2,400 people. For more information, call 216-676-2000 or visit www.GrafTech.com. This news release and related discussions may contain forward-looking statements about such matters as: the proposed tender offer and merger, the conditions to consummation thereof, the terms thereof and related matters; the proposed issuance of convertible preferred stock, the conditions to consummation thereof, the terms of such issuance and preferred stock, the use of proceeds and related matters; the effects of such proposed issuance, tender offer and merger under our equity award and benefit plans and agreements or our credit agreement, senior notes or senior subordinated notes; our outlook for 2015; forecasts; future or targeted operational and financial performance; growth prospects and rates; the markets we serve; future or targeted profitability, cash flow, liquidity, sales, costs and expenses, tax rates, working capital, inventory levels, debt levels, capital expenditures, EBITDA, cost savings and business opportunities and positioning; strategic plans; cost, inventory and supply-chain management; rationalization and related activities; the impact of rationalization, product line changes, cost competitiveness and liquidity initiatives; expected or targeted changes in production capacity or levels, operating rates or efficiency in our operations or our competitors' or customers' operations; future prices and demand for our products; product quality; diversification, new products and product improvements and their impact on our business; the integration or impact of acquired businesses; investments, acquisitions, asset sales or divestitures that we may make in the future; possible financing or refinancing (including factoring and supply-chain financing) activities; our customers' operations, order patterns and demand for their products; the impact of customer bankruptcies; our position in markets we serve; regional and global economic and industry market conditions, including our expectations concerning their impact on us and our customers and suppliers; conditions and changes in the global financial and credit markets; legal proceedings and antitrust investigations; our liquidity and capital resources, including our obligations under our senior subordinated notes that mature in November 2015; tax rates and the effects of jurisdictional mix; the impact of accounting changes; and currency exchange and interest rates and changes therein. We have no duty to update these statements. Our forecasts, expectations and targets are not predictions of actual performance and historically our performance has deviated, often significantly, from our expectations and targets. Actual future events, circumstances, performance and trends could differ materially, positively or negatively, due to various factors, including: failure to satisfy the conditions contained in the definitive agreements relating to the proposed issuance, tender offer and merger to consummation thereof, including due to material adverse changes affecting the Company or its prospects or failure to obtain regulatory approvals; litigation in relation to such transactions; events of default occurring or repurchase obligations arising under our credit agreement, senior notes or senior subordinated notes related to the proposed tender offer and merger, or otherwise (including by reason of cross default provisions thereunder); downgrades in the ratings of our senior notes and the requirement to repurchase the senior notes that could arise as a result thereof; restrictions on the conduct of our business in the ordinary course due to provisions under such definitive agreements; failure to achieve cost savings, EBITDA, cash flow or other forecasts, expectations or targets; actual outcome of uncertainties associated with assumptions and estimates used to prepare forecasts, expectations or targets or when applying critical accounting policies and preparing financial statements; failure to successfully develop and commercialize new or improved products; adverse changes in cost, inventory or supply-chain management; limitations or delays on capital expenditures; business interruptions, including those caused by weather, natural disaster or other causes; delays or changes in, or non-consummation of, proposed or planned asset sales, divestitures, investments or acquisitions; failure to successfully integrate or achieve expected synergies, performance or returns expected from any completed investments or acquisitions; inability to protect our intellectual property rights or infringement of intellectual property rights of others; changes in market prices of our securities; changes in our ability to obtain new or refinance existing financing on acceptable terms, or at all; adverse changes in labor relations; adverse developments in legal proceedings or antitrust or other investigations; non-realization of anticipated benefits from, or variances in the cost or timing of, organizational changes, rationalizations and restructurings; loss of market share or sales due to rationalization, product-line changes or pricing activities; negative developments relating to health, safety or environmental compliance, remediation or liabilities; downturns, production reductions or suspensions or other changes in steel, electronics and other markets we or our customers serve; customer or supplier bankruptcy or insolvency events; terrorism or political unrest which adversely impacts us or our customers' businesses; declines in demand; intensified competition and price or margin decreases; graphite-electrode and needle-coke manufacturing capacity increases; fluctuating market prices for our products, including adverse differences between actual graphite-electrode prices and spot or announced prices; consolidation of steel producers; mismatches between manufacturing capacity and demand; significant changes in our provision for income taxes and effective income-tax rate; changes in the availability or cost of key inputs, including petroleum-based coke or energy; changes in interest or currency-exchange rates; inflation or deflation; failure to satisfy conditions to government grants; continuing uncertainty over fiscal or monetary policies or conditions in the U.S., Europe, China or elsewhere; changes in fiscal and monetary policy; a protracted regional or global financial or economic crisis; and other risks and uncertainties, including those detailed in our SEC filings, as well as future decisions by us. This news release does not constitute an offer or solicitation as to any securities. References to street or analyst earnings estimates mean those published by First Call. *Non-GAAP Reconciliation: Using the mid-point of the guidance range, EBITDA excludes depreciation and amortization of $39 million, rationalization-related depreciation of $1 million, rationalization and related charges of $12 million, impairment charges of $35 million, proxy contest expenses of $2 million, other expense, net, of $1 million, interest expense of $18 million and income tax expense of $2 million to arrive at a targeted net loss of $75 million.


News Article | July 29, 2015
Site: www.businesswire.com

INDEPENDENCE, Ohio--(BUSINESS WIRE)--GrafTech International Ltd. (NYSE:GTI) today announced financial results for the second quarter ended June 30, 2015. Joel Hawthorne, Chief Executive Officer of GrafTech, commented, "Persistent weak demand in the global steel market has created a very challenging environment in the Industrial Materials segment. Graphite electrode demand has declined further as end market weakness continues and as global electric arc furnace (EAF) steel production has been partially displaced by Chinese steel exports. This market dislocation has created a challenging operating environment for our Company and the industry as a whole." Mr. Hawthorne continued, “The previously announced capital infusion through the issuance of $150 million of convertible preferred stock to Brookfield will strengthen our capital structure and provide GrafTech with increased financial flexibility to address challenges through this difficult part of the cycle.” Net sales for Industrial Materials decreased to $125 million in the second quarter of 2015, compared to $207 million in the second quarter of 2014. The decline in revenue was largely driven by lower volumes in response to weaker customer utilization rates, unfavorable currency exchange rate fluctuations and lower realized graphite electrode pricing year-over-year. The Industrial Materials segment reported operating income of $3 million in the second quarter of 2015, compared to operating income of $1 million in the same period of the prior year. Adjusted segment operating income*, which excludes special charges, was approximately $4 million in the second quarter of 2015, compared to approximately $10 million in the second quarter of 2014 and $11 million in first quarter of 2015. Net sales for Engineered Solutions decreased to $40 million in the second quarter of 2015, compared to $78 million in the second quarter of 2014. The decline was primarily driven by lower sales of advanced electronics technology products, which were weaker due to competitive pressures in the consumer electronics supply chain impacting both price and volumes. Additionally, sales of advanced graphite materials products were lower. Net sales for the second quarter of 2014 included $4 million of advanced graphite materials sales to a former customer that declared bankruptcy later in 2014. Operating loss for the Engineered Solutions segment was $(3) million in the second quarter of 2015, compared to operating loss of $(125) million in the year ago period. Adjusted segment operating income*, which excludes special charges, was essentially breakeven in the second quarter of 2015, compared to adjusted operating income of $9 million in the second quarter of 2014 and an operating loss of $(1) million in the first quarter of 2015. Selling and Administrative and Research and Development Expense Total Company selling and administrative expenses and research and development expenses, which include corporate expenses, were $27 million for the second quarter of 2015, compared to $35 million in the second quarter of 2014. Overhead expense in the second quarter of 2015 was negatively impacted by special charges of $4 million, compared to $2 million of special charges in the prior year quarter. Excluding special charges in both periods, overhead expense declined approximately $9 million, or 29 percent, year-over-year to $23 million in the second quarter of 2015, benefiting from continued efforts to reduce costs. Mr. Hawthorne commented, "We continue to aggressively reduce costs to improve our competitive position in this challenging operating environment." GrafTech also announced today that it has amended its revolving credit facility to allow for a change in control in connection with the pending investment and tender offer by affiliates of Brookfield Asset Management (Brookfield). In addition, effective upon a change in control, which would be triggered under the credit facility upon 25 percent ownership by Brookfield, the financial covenants will be eased resulting in increased availability under the revolving credit facility. The size of the revolving facility will also be reduced from $400 million to $375 million. In its July 9, 2015 report, the International Monetary Fund (IMF) reduced its estimate for 2015 global GDP growth to 3.3 percent. The report states that weaker than expected activity in the first quarter, particularly in North America, drove the change in estimate. Advanced economies’ growth prospects are anticipated to improve throughout the year while a slowdown in growth continues to be expected in emerging economies. Steel customer sentiment remains negative globally. Global steel utilization rates continue to be low given excess industry capacity, weak end market demand and high export levels from China. In its July 22, 2015 report, the World Steel Association (WSA) reported that global steel production declined approximately two percent in the six months ended 2015, as compared to the same period in the prior year. WSA reported that the average world steel capacity utilization rate was 72.2 percent in June 2015, 350 basis points lower than June 2014. In the United States, steel production declined approximately nine percent year-over-year in the six months ended June 30, 2015. Steel production in ten of the top 15 steel producing countries, which represent a large share of EAF production, declined approximately six percent year-to-date. The Company continues to execute its cost savings initiatives and align production rates with market demand. Market conditions remain challenging in both the Industrial Materials segment and Engineered Solutions segment. Pricing in the Industrial Materials segment will be lower year-over-year, while volumes in this segment remain under pressure due to weak electric arc furnace steel production in response to continued end market weakness and temporary displacement by high Chinese steel export levels. In the Engineered Solution segment, weak advanced consumer electronics and oil and gas market demand for our products is negatively impacting volumes and pricing. While the previously announced cost initiatives are on track to deliver $50 million in cash savings in 2015, these savings will not fully offset the decline in pricing and volume across both business segments. In light of these market conditions, the Company will reduce production rates further to align with current market demand. Based on these conditions, the Company does not expect a significant improvement in results in the second half of 2015. As previously announced, GrafTech has agreed to issue $150 million of convertible preferred stock to an affiliate of Brookfield pursuant to an investment agreement. Closing of this transaction is subject to customary conditions, including receipt of required regulatory approvals, which are expected to be received in August. In addition, as previously announced, Brookfield has launched a tender offer to acquire up to all of the outstanding shares of GrafTech common stock at a purchase price of $5.05 per share. The expiration date for the tender offer has been extended to August 13, 2015 at 12:00 midnight, New York City time, to allow additional time to satisfy customary closing conditions, including receipt of required regulatory approvals, which are expected to be received in August. In accordance with the terms of the merger agreement and the applicable rules and regulations of the Securities and Exchange Commission, the tender offer expiration date may be extended in 10 day increments until October 14, 2015 until all conditions have been satisfied or waived. Joel Hawthorne, concluded, “Despite the current market dislocation and overcapacity within the steel supply chain, we believe the electric arc furnace steel market and the markets that our Engineered Solutions segment serves remain attractive longer term. With the benefits of the pending investment by Brookfield, we remain focused on leveraging the core competencies that GrafTech has built over the past 129 years and executing a strategy that will allow GrafTech to manage through the current difficult industry challenges.” In conjunction with this earnings release, you are invited to listen to our earnings call being held on July 29, 2015 at 11:00 a.m. Eastern. The call will be webcast and available at www.GrafTech.com, in the investor relations section. The earnings call dial-in number is 877-736-7716 for domestic and 706-501-7465 for international. A rebroadcast webcast will be available following the call, and for 30 days thereafter, at www.GrafTech.com, in the investor relations section. GrafTech also makes its complete financial reports that have been filed with the Securities and Exchange Commission (SEC) and other information available at www.GrafTech.com. The information in our website is not part of this release or any report we file or furnish to the SEC. Upon request, GrafTech will provide its stockholders with a hard copy of its complete audited financial statement, free of charge. GrafTech International is a global company that has been redefining limits for more than 125 years. We offer innovative graphite material solutions for our customers in a wide range of industries and end markets, including steel manufacturing, advanced energy applications and latest generation electronics. GrafTech operates 18 principal manufacturing facilities on four continents and sells products in over 70 countries. Headquartered in Independence, Ohio, GrafTech employs approximately 2,400 people. For more information, call 216-676-2000 or visit www.GrafTech.com. NOTE ON FORWARD-LOOKING STATEMENTS: This news release and related discussions may contain forward-looking statements about such matters as: the proposed issuance of convertible preferred stock, the conditions to consummation of such issuance, the terms of such issuance and stock, the use of proceeds and related matters; a possible tender offer and possible merger, the conditions to consummation thereof, the terms thereof and related matters; the effects of such issuance, tender offer and merger under equity award and benefit plans and agreements or our credit agreement, senior notes or senior subordinated notes; our outlook for 2015 or beyond; future or targeted operational and financial performance; growth prospects and rates; the markets we serve and our position in those markets; future or targeted profitability, cash flow, liquidity, sales, costs and expenses, tax rates, working capital, production rates, inventory levels, debt levels, capital expenditures, EBITDA, cost savings and business opportunities and positioning; strategic plans; stock repurchase or issuance plans; inventory and supply chain management; rationalization and related activities; the impact of rationalization, product line change, cost and liquidity initiatives; expected or targeted changes in production capacity or levels, operating rates or efficiency in our operations or our competitors' or customers' operations; future prices and demand for our products; product quality; diversification, new products, and product improvements and their impact on our business; the integration or impact of acquired businesses; divestitures, asset sales, investments and acquisitions that we may make in the future; possible debt or equity financing or refinancing (including factoring and supply chain financing) activities; our customers' operations, order patterns and demand for their products; the impact of customer bankruptcies; regional and global economic and industry market conditions, including our expectations concerning their impact on us and our customers and suppliers; conditions and changes in the global financial and credit markets; legal proceedings and antitrust investigations; our liquidity and capital resources, including our obligations under our senior subordinated notes that mature in November 2015; a pending proxy contest, the impacts thereof and other possible changes in Board composition; possible changes in control of the Company and the impacts thereof; tax rates and the effects of jurisdictional mix; the impact of accounting changes; and currency exchange and interest rates and changes therein. We have no duty to update these statements. Our expectations and targets are not predictions of actual performance and historically our performance has deviated, often significantly, from our expectations and targets. Actual future events, circumstances, performance and trends could differ materially, positively or negatively, due to various factors, including: failure to satisfy closing conditions in the definitive agreements relating to the preferred stock issuance or the tender offer and merger; including due to material adverse changes effecting the Company or its prospects or failure to obtain regulatory approvals; litigation in relation to such transactions; adjustments to our second quarter 2015 results in connection with preparation of, and possible delay in the filing of, our Form 10-Q with the SEC and potential effects thereof; failure to achieve production rate, inventory level, product development, capital expenditure level, cost savings, EBITDA or other targets or estimates; actual outcome of uncertainties associated with assumptions and estimates used when applying critical accounting policies and preparing financial statements; failure to successfully develop and commercialize new or improved products; adverse changes in cost, inventory or supply chain management; limitations or delays on capital expenditures; business interruptions, including those caused by weather, natural disaster, or other causes; delays or changes in, or non-consummation of, proposed asset sales, divestitures, investments or acquisitions; failure to successfully integrate or achieve expected savings, synergies, performance or returns expected from any completed asset sales, divestitures, investments or acquisitions; inability to protect our intellectual property rights or infringement of intellectual property rights of others; changes in market prices of our securities; changes in our ability to obtain new or refinance existing financing on acceptable terms; adverse changes in labor relations; adverse developments in legal proceedings or investigations; non-realization of anticipated benefits from, or variances in the cost or timing of, organizational changes, rationalizations and restructurings; loss of market share or sales due to rationalization, product line changes, or pricing activities; negative developments relating to health, safety or environmental compliance, remediation or liabilities; downturns, production reductions or suspensions, or other changes in steel, electronics and other markets we or our customers serve; customer or supplier bankruptcy or insolvency events; political unrest which adversely impacts us or our customers' businesses; declines in demand; intensified competition and price or margin decreases; graphite electrode and needle coke manufacturing capacity increases; fluctuating market prices for our products, including adverse differences between actual graphite electrode prices and spot or announced prices; consolidation of steel producers; mismatches between manufacturing capacity and demand; significant changes in our provision for income taxes and effective income tax rate; changes in the availability or cost of key inputs, including petroleum, petroleum-based coke or energy; changes in interest or currency exchange rates; inflation or deflation; changes in Board composition or control of the Company or changes in capital structure or share ownership, failure to satisfy conditions to government grants; continuing uncertainty over fiscal or monetary policies or conditions in the U.S., Europe, China or elsewhere; changes in fiscal and monetary policy; a protracted regional or global financial or economic crisis; and other risks and uncertainties, including those detailed in our SEC filings, as well as future decisions by us. This news release does not constitute an offer or solicitation as to any securities. References to street or analyst earnings estimates mean those published by First Call. 1 Special charges include rationalization and rationalization related charges, impairment charges, valuation allowance and proxy contest and transaction expenses. See reconciliation tables for further detail. NOTE ON RECONCILIATION OF OPERATING INCOME DATA: Adjusted segment operating income is a non-GAAP financial measure that GrafTech calculates according to the schedule above, using GAAP amounts from the Consolidated Financial Statements. GrafTech believes that the excluded items are not primarily related to core operational activities. GrafTech believes that adjusted segment operating income is generally viewed as providing useful information regarding a segment's operating profitability. Management uses adjusted segment operating income as well as other financial measures in connection with its decision-making activities. Adjusted segment operating income should not be considered in isolation or as a substitute for segment operating income or other consolidated income data prepared in accordance with GAAP. GrafTech's method for calculating adjusted segment operating income may not be comparable to methods used by other companies. NOTE ON EBITDA RECONCILIATION: EBITDA is a non-GAAP financial measure that GrafTech currently calculates according to the schedule above, using historical or estimated target GAAP amounts as indicated above. GrafTech believes that EBITDA measures are generally accepted as providing useful information regarding a company’s ability to incur and service debt as well as productivity and cash generation. Management uses EBITDA measures as well as other financial measures in connection with its decision-making activities. EBITDA measures should not be considered in isolation or as a substitute for net income (loss), cash flows from operations or other consolidated income or cash flow data prepared in accordance with GAAP. GrafTech’s method for calculating EBITDA measures may not be comparable to methods used by other companies and is not the same as the method for calculating EBITDA measures under its senior secured revolving credit facility or other debt instruments. NOTE ON RECONCILIATION OF EARNINGS DATA: Adjusted net income and adjusted earnings per share are non-GAAP financial measures that GrafTech calculates according to the schedule above, using GAAP amounts. GrafTech believes that the excluded items are not primarily related to core operational activities. GrafTech believes that adjusted net income and adjusted earnings per share are generally viewed as providing useful information regarding a company's operating profitability. Management uses adjusted net income and adjusted earnings per share as well as other financial measures in connection with its decision-making activities. Adjusted net income and adjusted earnings per share should not be considered in isolation or as a substitute for net income or other consolidated income data prepared in accordance with GAAP. GrafTech's method for calculating adjusted net income and adjusted earnings per share may not be comparable to methods used by other companies. NOTE ON NET DEBT RECONCILIATION: Net debt is a non-GAAP financial measure that GrafTech calculates according to the schedule above, using GAAP amounts from the Consolidated Financial Statements. GrafTech believes that net debt is generally accepted as providing useful information regarding a company’s indebtedness and that net debt provides meaningful information to investors to assist them to analyze leverage. Management uses net debt as well as other financial measures in connection with its decision-making activities. Net debt should not be considered in isolation or as a substitute for total debt or total debt and other long-term obligations calculated in accordance with GAAP. GrafTech’s method for calculating net debt may not be comparable to methods used by other companies and is not the same as the method for calculating net debt under its senior secured revolving credit facility or other debt instruments.


DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of GrafTech International Ltd. (“GrafTech”) (NYSE: GTI) concerning the sale to Brookfield Asset Management Inc. Under the terms of the agreement, GrafTech shareholders will only receive $5.05 in cash for each share owned, which is virtually no premium over the 52-week high and significantly lower than at least one analyst’s estimated value of $6.00 per share. If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via e-mail at shareholder@powerstaylor.com or by calling toll free at (877) 728-9607. There is no cost or fee to you. The investigation centers on whether GrafTech’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $6.00. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.


DALLAS--(BUSINESS WIRE)--Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of GrafTech International Ltd. (“GrafTech”) (NYSE: GTI) concerning the sale to Brookfield Asset Management Inc. Under the terms of the agreement, GrafTech shareholders will only receive $5.05 in cash for each share owned, which is virtually no premium over the 52-week high and significantly lower than at least one analyst’s estimated value of $6.00 per share. If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at shareholders@thebriscoelawfirm.com, Patrick Powers at Powers Taylor LLP via e-mail at shareholder@powerstaylor.com or by calling toll free at (877) 728-9607. There is no cost or fee to you. The investigation centers on whether GrafTech’s Board of Directors is acting in the shareholders’ best interests, whether the board considered alternatives to the acquisition, and whether the board has employed an adequate process to review and act on the proposed transaction. Notably, at least one analyst with Yahoo! Finance believes the true inherent value of the stock could be as high as $6.00. The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters. Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.


News Article | November 28, 2016
Site: www.newsmaker.com.au

The global graphite market was valued at USD 13.62 billion in 2013 and is expected to grow at a CAGR of 3.7% from 2014 to 2020, to reach USD 17.56 billion in 2020. Increasing use of graphite in the automotive and battery industries is the major factor driving the demand for graphite. Graphite is an important material used in gaskets, clutch materials, motors, exhaust systems, and cylinder heads. In the past, asbestos was the main component of linings and disk brake pads. Graphite, with benefits such as low-noise braking, makes a good replacement for asbestos in brake pads. Moreover, it is an important element in the manufature of ultra-lightweight carbon-fiber reinforced plastic (CFRP). Traditionally, CFRP was mainly used in the aerospace and Formula One car industries. However, CFRP is now gaining popularity in the passenger car industry due to its light weight. This, in turn, helps reduce fuel consumption and CO2 emissions. Asia Pacific is the largest market for graphite globally. Rise of technologically advanced applications of graphite in pebble-bed nuclear reactors, fuel cells, solar power systems, and automotive and aerospace industries is driving the graphite market in the Asia Pacific region. China and India are the major markets for graphite in the region. Rising demand for steel and other metals has increased the demand for graphite electrodes in Asia Pacific. This, in turn, is driving the growth of the graphite market. China accounts for over 70% share of total graphite production in the world. According to China's Twelfth Five Year Plan, the government plans to have around 5.0 million battery-electric vehicles plying on the roads by 2020. This is expected to increase demand for graphite in the Asia Pacific market during the forecast period. According to a research report, the sale of plug-in electric vehicles in North America is expected to rise at a CAGR of 30.0% from 2012 to 2020. The total sales of tablets in the U.S. market grew from 9.7 million in 2010 to 40.6 million in 2013. This growth in sales is expected to drive demand for lithium-ion batteries. Rising demand for electric vehicles and other electronic devices such as mobiles, tablets, laptops, and cameras offers huge potential for the growth of the lithium-ion battery industry. This, in turn, is further expected to boost demand for graphite in North America. Europe is the second-largest graphite market in the world. Growing use of carbon fiber instead of steel in the automotive and aerospace industries in Europe is leading to increasing demand for graphite. Graphite is considered as a key material for green technology. Due to this fact, it is widely used in many applications for energy storage, photovoltaics, and in various electronic products. The graphite market is bifurcated on the basis of form (natural graphite and synthetic graphite). Synthetic graphite is further sub-segmented on the basis of form (graphite electrode, carbon fiber, graphite blocks, graphite powder, and others). Graphite market is also segmented on the basis of end-use (electrode, refractory, lubricant, foundry, battery, and others). All the segments provide market size and forecast by volume and by value. The synthetic graphite segment holds the largest share of USD 12.49 billion in the graphite market in 2013 and is expected to reach USD 16.06 billion by 2020 at a CAGR of 3.7% from 2014 to 2020. In terms of revenue, the global graphite market grew from USD 12.30 billion in 2010 to USD 13.62 billion in 2013 at a CAGR of 3.4%. In terms of volume, the global graphite market grew from 2.19 million tons in 2010 to 2.68 million tons in 2013 at a CAGR of 7.1%. Under regional segment, the Asia Pacific graphite market (the largest market in 2013) increased by 3.8% CAGR during 2010–2013 to reach USD 9.17 billion in 2013. For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/graphite-market/toc Some of the major companies operating in the global graphite market are Triton Minerals Ltd., Lamboo Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc., Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd., Syrah Resources Limited, SGL Carbon SE, GrafTech International Holdings Inc, Graphite India Limited, Nippon Graphite Industries, Co., Ltd., Asbury Graphite Mills, Inc, Showa Denko K.K., and Tokai Carbon Co., Ltd.


News Article | December 1, 2016
Site: www.newsmaker.com.au

The global graphite market was valued at USD 13.62 billion in 2013 and is expected to grow at a CAGR of 3.7% from 2014 to 2020, to reach USD 17.56 billion in 2020. Increasing use of graphite in the automotive and battery industries is the major factor driving the demand for graphite. Graphite is an important material used in gaskets, clutch materials, motors, exhaust systems, and cylinder heads. In the past, asbestos was the main component of linings and disk brake pads. Graphite, with benefits such as low-noise braking, makes a good replacement for asbestos in brake pads. Moreover, it is an important element in the manufature of ultra-lightweight carbon-fiber reinforced plastic (CFRP). Traditionally, CFRP was mainly used in the aerospace and Formula One car industries. However, CFRP is now gaining popularity in the passenger car industry due to its light weight. This, in turn, helps reduce fuel consumption and CO2 emissions. Asia Pacific is the largest market for graphite globally. Rise of technologically advanced applications of graphite in pebble-bed nuclear reactors, fuel cells, solar power systems, and automotive and aerospace industries is driving the graphite market in the Asia Pacific region. China and India are the major markets for graphite in the region. Rising demand for steel and other metals has increased the demand for graphite electrodes in Asia Pacific. This, in turn, is driving the growth of the graphite market. China accounts for over 70% share of total graphite production in the world. According to China's Twelfth Five Year Plan, the government plans to have around 5.0 million battery-electric vehicles plying on the roads by 2020. This is expected to increase demand for graphite in the Asia Pacific market during the forecast period. According to a research report, the sale of plug-in electric vehicles in North America is expected to rise at a CAGR of 30.0% from 2012 to 2020. The total sales of tablets in the U.S. market grew from 9.7 million in 2010 to 40.6 million in 2013. This growth in sales is expected to drive demand for lithium-ion batteries. Rising demand for electric vehicles and other electronic devices such as mobiles, tablets, laptops, and cameras offers huge potential for the growth of the lithium-ion battery industry. This, in turn, is further expected to boost demand for graphite in North America. Europe is the second-largest graphite market in the world. Growing use of carbon fiber instead of steel in the automotive and aerospace industries in Europe is leading to increasing demand for graphite. Graphite is considered as a key material for green technology. Due to this fact, it is widely used in many applications for energy storage, photovoltaics, and in various electronic products. The graphite market is bifurcated on the basis of form (natural graphite and synthetic graphite). Synthetic graphite is further sub-segmented on the basis of form (graphite electrode, carbon fiber, graphite blocks, graphite powder, and others). Graphite market is also segmented on the basis of end-use (electrode, refractory, lubricant, foundry, battery, and others). All the segments provide market size and forecast by volume and by value. The synthetic graphite segment holds the largest share of USD 12.49 billion in the graphite market in 2013 and is expected to reach USD 16.06 billion by 2020 at a CAGR of 3.7% from 2014 to 2020. In terms of revenue, the global graphite market grew from USD 12.30 billion in 2010 to USD 13.62 billion in 2013 at a CAGR of 3.4%. In terms of volume, the global graphite market grew from 2.19 million tons in 2010 to 2.68 million tons in 2013 at a CAGR of 7.1%. Under regional segment, the Asia Pacific graphite market (the largest market in 2013) increased by 3.8% CAGR during 2010–2013 to reach USD 9.17 billion in 2013. For More Information Request TOC (desk of content material), Figures and Tables of the report @ http://www.persistencemarketresearch.com/market-research/graphite-market/toc Some of the major companies operating in the global graphite market are Triton Minerals Ltd., Lamboo Resources Limited, Mason Graphite, Focus Graphite Inc., Energizer Resources Inc., Northern Graphite Corporation, Alabama Graphite Corp., Flinders Resources Ltd., Syrah Resources Limited, SGL Carbon SE, GrafTech International Holdings Inc, Graphite India Limited, Nippon Graphite Industries, Co., Ltd., Asbury Graphite Mills, Inc, Showa Denko K.K., and Tokai Carbon Co., Ltd.

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