Item
1.01
|
Conflict Minerals Disclosure and Report
|
Introduction
This Specialized Disclosure Report on
Form SD (this
Report
) is filed pursuant to
Rule 13p-1
promulgated under the Securities Exchange Act of 1934, as amended (the
Exchange Act
), for the
reporting period from January 1, 2018 to December 31, 2018. This rule requires disclosure of certain information when a company manufactures or contracts to manufacture products for which gold, columbite-tantalite (coltan), cassiterite,
wolframite, tantulum, tin and/or tungsten (collectively, the
Conflict Minerals
) are necessary to the functionality or production of such products.
Ampco-Pittsburgh Corporation (including its consolidated subsidiaries as the context may require, the
Corporation
or
the
Registrant
) has determined that tin and tungsten (together, the
Identified Minerals
) were necessary to the functionality or production of one or more products manufactured by the Corporation or
contracted by the Corporation to be manufactured (the
Covered Products
) during the period covered by this Report. As such, the Corporation has conducted in good faith a reasonable country of origin inquiry
(an
RCOI
) to determine whether any of the Identified Minerals in the Covered Products (1) originated in the Democratic Republic of the Congo or any adjoining country (i.e., Angola, Burundi, Central African Republic, the
Republic of the Congo, Rwanda, South Sudan, Tanzania, Uganda or Zambia) (the
Covered Countries
) or (2) are from recycled or scrap sources.
As discussed more fully below, based on the Corporations RCOI, the Corporation has concluded that (a) it does not have any reason to believe that
any of the Identified Minerals used in connection with the Covered Products may have originated in a Covered Country or (b) it has reason to believe that the Identified Minerals used in connection with the Covered Products may be from recycled
or scrap sources.
The Corporation and its Business Segments
The Corporation was incorporated in Pennsylvania in 1929 and manufactures and sells highly engineered, high performance specialty metal products and customized
equipment utilized by industry throughout the world. The Corporation classifies its business in two segments: Forged and Cast Engineered Products and Air and Liquid Processing.
Forged and Cast Engineered Products Segment
The Forged
and Cast Engineered Products segment, consisting of Union Electric Steel Corporation and its direct and indirect subsidiaries (collectively, UES), has operations in the United States, England, Sweden, Slovenia and Canada and has an
equity interest in three joint-venture companies in China. The companies comprising this segment produce ingot, forged products and cast products that service a wide variety of industries globally. The Forged and Cast Engineered Products segment
specializes in the production of forged hardened steel rolls used mainly for cold rolling by producers of steel, aluminum and other metals and cast rolls for hot and cold strip mills, medium/heavy section mills and plate mills in a variety of iron
and steel qualities. In addition, this segment produces ingot and
open-die
forged products which are used in the gas and oil industry and the aluminum and plastic extrusion industries.
Air and Liquid Processing Segment
The Air and Liquid
Processing segment consists of Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation, a wholly-owned subsidiary of the Corporation. This segment has operations in Virginia and New York, with
headquarters in Carnegie, Pennsylvania, and distributes a significant portion of its products through a common independent group of sales offices located throughout the United States and Canada.
Aerofin produces custom-engineered finned tube heat exchange coils and related heat transfer products for a variety of industries including OEM/commercial,
fossil fuel power generation, nuclear power generation and industrial manufacturing.
2