GRAFTECH INTERNATIONAL LTD 10-K

Item 2. Properties 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. Production capacity reflects expected maximum production volume during the period depending on product mix and expected maintenance outage. Actual production may vary. In the first quarter of 2024, we announced a set of initiatives designed to reduce our cost structure and optimize our manufacturing footprint. As part of these initiatives, we indefinitely suspended production activities at our St. Marys, Pennsylvania facility, with the exception of graphite electrode and pin machining. In addition, we indefinitely idled certain assets within our remaining graphite electrode manufacturing footprint. As a result, our graphite electrode production capacity has been reduced to approximately 178 thousand MT in 2024. Our properties located in St. 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 or Leased Americas Brooklyn Heights, Ohio Corporate Headquarters Leased Monterrey, Mexico Graphite Electrode and Pin Manufacturing Facility, Sales and Service Office Owned St. Marys, Pennsylvania Graphite Electrode Manufacturing Facility, Sales and Service Office Owned Port Lavaca, Texas Petroleum Needle Coke Manufacturing Facility (Seadrift) Owned Salvador, Bahia, Brazil Graphite Electrode Machine Shop, Sales and Service Office Owned Europe Calais, France Graphite Electrode Manufacturing Facility, Sales and Service Office Owned Pamplona, Spain Graphite Electrode Manufacturing Facility, Sales and Service Office Owned Bussigny, Switzerland Global Sales and Production Planning Office Leased