Wheeling-Pittsburgh Steel Applauds Governor Wise For Bill That Will Help Complete Its Beech Bottom Paint Line

Apr 17, 2001, 01:00 ET from Wheeling-Pittsburgh Steel Corporation

    WHEELING, W.Va., April 17 /PRNewswire/ -- James G. Bradley, President and
 CEO of Wheeling-Pittsburgh Steel Corporation, thanked Governor Bob Wise for
 initiating legislation that will provide funding to help complete work on a
 second paint line at the company's Beech Bottom, WV, facility.
     "I speak for all Wheeling-Pittsburgh Steel employees when I express my
 sincere thanks to Gov. Wise for initiating this bill and to the state
 legislature for passing it," Bradley said.  "It will provide $400,000 to
 complete this paint line, contributing immediate benefits to the company."
     Bradley added that, "Gov. Wise understands the importance of the steel
 industry to the Northern Panhandle and has reacted with urgency to assist
 Wheeling-Pittsburgh Steel as we work through the bankruptcy process and
 continue our fight against dumped steel."
     Beech Bottom currently has one paint line that paints steel coils that are
 then used to manufacture a variety of Wheeling Corrugating Company deck and
 roof products.  Work on the second paint line was begun early in 2000, but
 interrupted when the company filed for Chapter 11 bankruptcy protection.  When
 complete, the second line will allow Wheeling Corrugating Company to have all
 its painting requirements done internally, saving hundreds of thousands of
 dollars each month.  In addition, the second paint line will increase
 employment at Beech Bottom by about 15, to more than 110 employees.
     The West Virginia State Legislature appropriated the funds late last week,
 which will be given through the governor's contingency fund.
 
 

SOURCE Wheeling-Pittsburgh Steel Corporation
    WHEELING, W.Va., April 17 /PRNewswire/ -- James G. Bradley, President and
 CEO of Wheeling-Pittsburgh Steel Corporation, thanked Governor Bob Wise for
 initiating legislation that will provide funding to help complete work on a
 second paint line at the company's Beech Bottom, WV, facility.
     "I speak for all Wheeling-Pittsburgh Steel employees when I express my
 sincere thanks to Gov. Wise for initiating this bill and to the state
 legislature for passing it," Bradley said.  "It will provide $400,000 to
 complete this paint line, contributing immediate benefits to the company."
     Bradley added that, "Gov. Wise understands the importance of the steel
 industry to the Northern Panhandle and has reacted with urgency to assist
 Wheeling-Pittsburgh Steel as we work through the bankruptcy process and
 continue our fight against dumped steel."
     Beech Bottom currently has one paint line that paints steel coils that are
 then used to manufacture a variety of Wheeling Corrugating Company deck and
 roof products.  Work on the second paint line was begun early in 2000, but
 interrupted when the company filed for Chapter 11 bankruptcy protection.  When
 complete, the second line will allow Wheeling Corrugating Company to have all
 its painting requirements done internally, saving hundreds of thousands of
 dollars each month.  In addition, the second paint line will increase
 employment at Beech Bottom by about 15, to more than 110 employees.
     The West Virginia State Legislature appropriated the funds late last week,
 which will be given through the governor's contingency fund.
 
 SOURCE  Wheeling-Pittsburgh Steel Corporation