-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DUqwNRKlv5plwCrIySUjoK6rKbOXCALgDOPDdu5nyKwILF8X8c3iwxri1KeXp/is 4SlRtAOueb6j8wK0uJrAug== 0000888918-97-000059.txt : 19970826 0000888918-97-000059.hdr.sgml : 19970826 ACCESSION NUMBER: 0000888918-97-000059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19970714 ITEM INFORMATION: Other events FILED AS OF DATE: 19970825 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: CARBIDE GRAPHITE GROUP INC /DE/ CENTRAL INDEX KEY: 0000888918 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] IRS NUMBER: 251575609 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20490 FILM NUMBER: 97669048 BUSINESS ADDRESS: STREET 1: ONE GATEWAY CTR STREET 2: 19TH FL CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 4125623700 MAIL ADDRESS: STREET 1: ONE GATEWAY CTR STREET 2: 19TH FL CITY: PITTSBURGH STATE: PA ZIP: 15222 8-K 1 PRESS RELEASE REPORTING SEADRIFT EXPANSION SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): July 14, 1997 THE CARBIDE/GRAPHITE GROUP, INC. Delaware 0-20490 25-1575609 (State of Incorporation) (Commission File Number) (IRS Employer Identification Code) One Gateway Center, 19th Floor Pittsburgh, PA 15222 (Address of principal executive offices) Registrant's telephone number, including area code: (412) 562-3700 Item 1 through Item 4: Not applicable. Item 5 -- Other Events: On July 14, 1997, the Registrant released the following information with respect to a $22 million project to expand production capacity at its affiliate, Seadrift Coke, L.P.: Pittsburgh, PA - July 14, 1997 - The Carbide/Graphite Group, Inc. (NASDAQ NNM: CGGI) today announced plans to expand its needle coke production capacity at Seadrift Coke, L.P. located in Seadrift, TX. The capital project cost is budgeted at $22 million and is expected to be completed during the next 12 months. Once completed, the project will increase the Company's needle coke capacity over 30%, from 130,000 tons currently to in excess of 170,000 tons. Installation of equipment for the project is planned for the third quarter of C/G's fiscal 1998 and will require the Seadrift plant to be idle for approximately two weeks. The project is subject to regulatory and environmental permitting approvals and is expected to be funded from internal cash flow and available credit facilities. Walter Fowler, Chairman and Chief Executive Officer, commented, "This project represents a major expansion of our needle coke capacity and is expected to significantly improve the earnings potential of C/G. Several debottlenecking projects completed in early fiscal 1997 achieved an incremental production increase of roughly 20,000 tons of needle coke. These projects led to the current project which we expect to increase production of high quality needle coke by more than 40,000 tons. We are very pleased with the initiative and entrepreneurial spirit shown by the employees involved in developing this project." The Carbide/Graphite Group, Inc. is a leading manufacturer of industrial graphite and calcium carbide products with manufacturing facilities in St. Marys, Pennsylvania; Niagara Falls, New York; Louisville and Calvert City, Kentucky; and Seadrift, Texas. Note: This release may contain forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual future results could differ materially from those set forth in such statements due to various factors. Such factors include the risks associated with technology, availability of suitable feedstocks, demand and prices for needle coke and the ability to obtain regulatory and environmental approvals and permits. # # # Item 6 through Item 8: Not applicable. 1 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the following hereunto duly authorized. The Carbide/Graphite Group, Inc. /s/ Walter B. Fowler ------------------------------------------- Walter B. Fowler - Chief Executive Officer Dated: August 25, 1997 2 -----END PRIVACY-ENHANCED MESSAGE-----