−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 only reportable segment, Industrial Materials.
+Added: The Company uses the following principal physical properties in connection with the manufacturing, sales and services of graphite electrodes and 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 63% and 55% for the years ended December 31, 2025 and December 31, 2024, respectively.
1 unchanged sentence
Actual production may vary.
−Removed: In the first quarter of 2024, we announced a set of initiatives designed to reduce our cost structure and optimize our manufacturing footprint.
−Removed: As part of these initiatives, we indefinitely suspended production activities at our St.
−Removed: Marys, Pennsylvania facility, with the exception of graphite electrode and pin machining.
−Removed: In addition, we indefinitely idled certain assets within our remaining graphite electrode manufacturing footprint.
−Removed: 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.
+Added: The Company considers that its properties are generally in good condition, well maintained, and are suitable and adequate to carry on the Company’s business.
Location of Facility Primary Use Owned
8 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.