HLM - Hulamin Limited - Temporary closure of Camps Drift Hot Finishing Mill
HLM
HLM
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 Produced by the JSE SENS Department.
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