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LTV CORP.



Published: Wed, November 21, 2001 @ 12:00 a.m.



LTV CORP.

Profile

Headquarters: Cleveland

Operations: Steelmaker and producer of steel tubing products, wiring products and pre-engineered metal buildings.

Total employees: 11,500. Company estimates about 100,000 people, including 70,000 retirees and their dependents, rely on LTV for medical benefits.

Local facilities to stay open:

LTV/Copperweld Tubular Products Mill, 1290 Poland Ave., Youngstown. Employs 55. Produces welded steel pipe for gas and oil well industries.

LTV/Copperweld headquarters, 1315 Albert St., Youngstown. Employs 40. Office functions for the tubular products division.

Local facilities to close:

Warren Coke Plant, 2234 Main Avenue S.W., Warren. Employs 200. Produces coke used to make steel in blast furnaces.

Finances: Lost $146 million in the first nine months of 2000 on sales of $3.8 billion; lost $272 million in seven consecutive unprofitable quarters, from January 1999 through September 2000.

Bankruptcy filings: Sought Chapter 11 bankruptcy protection twice, once in 1986 and again in December 2000.

Source: Vindicator files




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