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INTERMET Permanently Closes Its Ironton Foundry

4 April 2000

INTERMET Permanently Closes Its Ironton Foundry

    TROY, Mich., April 3 INTERMET Corporation
today announced that it has permanently closed its Ironton Foundry located in
Ironton, Ohio.  The plant was shut down on Friday, March 31, 2000.  INTERMET
announced in December 1999 that it would close the plant in the first quarter
of 2000.
    Michael J. Ryan, INTERMET's Executive Vice President of Operations, said,
"It is never an easy decision to close a manufacturing operation, but we
always have a responsibility to our shareholders to do what we think is best
for the future of the company."
    With headquarters in Troy, Michigan, INTERMET Corporation is a full-
service supplier of powertrain, chassis/suspension and structural components
to the worldwide automotive industry.  INTERMET also manufactures cranes and
specialty service vehicles.  The company has more than 8,000 employees at
facilities located in North America and Europe.  More information about the
company is available on the Internet at http://www.intermet.com .