Thursday, February 7, 2019
CMX TO REOPEN COLONIAL METALS IN MAY
CMX will produce high-quality copper casting alloys at the Columbia, Pennsylvania, facility. In addition to acquiring Colonial's assets, CMX paid the company's remaining debts to allow the company to avoid bankruptcy, president Tim Strelitz told Argus.
Colonial Metals shuttered in June 2018 because of financial difficulties. Its Columbia foundry is the only brass and bronze manufacturing facility with a submerged electric arc furnace, which was used to recover low-grade copper scrap.
At the time of its closure, the facility was processing an estimated 90mn lbs of scrap metal per year.
CMX is the largest red metal, brass and bronze ingot manufacturer on the west coast, with an annual production capacity of more than 36mn lbs.
[SOURCE]
Wednesday, February 6, 2019
Former borough manager urges repeal of Revolving Loan Fund and tax hike to avoid costly legal battle
Former Columbia Borough Manager Norm Meiskey is urging borough council to repeal its recently created Revolving Loan Fund and municipal tax hike, in order to avoid a lengthy and costly court battle at taxpayers' expense. The letter, which was submitted to council members last night, references a previous letter to Council from the law firm of Stock and Leader challenging the legality of the fund and its accompanying tax increase. Meiskey's letter also accuses Council of overspending and questions the justification for the tax hike.
Tuesday, February 5, 2019
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