Foote Mineral Company
New Haven, West Virginia
The Foote Mineral Company Graham Plant was constructed between 1951 and 1952 on 140 acres.() The factory produced 120,000 tons of ferroalloys per year, which were used by automotive manufacturers, iron foundries and steel producers. It was later purchased by American Alloys who declared bankruptcy in 2000.(2) The plant was purchased in 2001 by Boris Bannai, an Israeli industrialist, for $2 million and renamed the factory Highlander Alloys a year later.
Shortly after the plant was reopened, it was shut down after Appalachian Power discontinued electrical service for non-payment of its electric bill.(2) Another shutdown occurred in February 2003 when workers staged an informational picket to protest unfair labor practices. One of the primary concerns was that the company was failing to meet payroll obligations. In addition, the West Virginia Department of Environmental Protection filed suit against Highlanders on December 11 for failure to comply with an October 2002 cease-and-desist order.(2)
In May 2005, Highlanders Alloy, which was operated under the name Global Industrial Group, declared for Chapter 11 bankruptcy.(2) Highlander shut down the Graham Plant in November after a fire damaged the Number One furnace.(2) Felman, a Delaware-based company, purchased the plant from Highlanders Alloys for $20 million in early 2006,(2) and committed an additional $12 million for the plant’s refurbishing. On September 12, 2006, Governor Manchin III and over 150 people, rededicated the new Felman Production alloy plant.(2)
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