−Removed: The Company uses the following principal physical properties in connection with the manufacturing, sales and services of graphite electrodes, pins and corporate administrative operations, all of which serve its onl y reportable segment, Industrial Materials .
+Added: The Company uses the following principal physical properties in connection with the manufacturing, sales and services of graphite electrodes, pins and corporate administrative operations, all of which serve its only reportable segment, Industrial Materials.
The total capacity utilization, reflecting production volume as a percentage of production capacity, of our graphite electrode manufacturing facilities in Calais, France, Monterrey, Mexico and Pamplona, Spain, was 55% and 44% for the years ended December 31, 2024 and December 31, 2023, respectively.
1 unchanged sentence
Actual production may vary.
+Added: In the first quarter of 2024, we announced a set of initiatives designed to reduce our cost structure and optimize our manufacturing footprint.
+Added: As part of these initiatives, we indefinitely suspended production activities at our St.
+Added: Marys, Pennsylvania facility, with the exception of graphite electrode and pin machining.
+Added: In addition, we indefinitely idled certain assets within our remaining graphite electrode manufacturing footprint.
+Added: As a result, our graphite electrode production capacity has been reduced to approximately 178 thousand MT in 2024.
Our properties located in St.
−Removed: Marys, Pennsylvania and Port Lavaca, Texas are encumbered by our 2018 Credit Agreement, 2020 Senior Secured Notes and our 2023 Senior Secured Notes.
+Added: Marys, Pennsylvania, Port Lavaca, Texas, Monterrey, Mexico and Pamplona, Spain are encumbered by our Initial First Lien Term Loan Facility, 2018 Credit Agreement, our New 4.625% Notes and our New 9.875% Notes.
Location of Facility Primary Use Owned
−Removed: Brooklyn Heights, Ohio Corporate Headquarters, Innovation and Technology Center and Sales Office Leased
+Added: Brooklyn Heights, Ohio Corporate Headquarters Leased
Monterrey, Mexico Graphite Electrode and Pin Manufacturing Facility, Sales and Service Office Owned
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.