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PTC Alliance Says Operations Continue Without Interruption at Alliance, Ohio Plant Despite Nine-Day Strike

Posted on: Tuesday, 9 October 2007, 18:00 CDT

PITTSBURGH, Oct. 9 /PRNewswire/ -- PTC Alliance Corp., a leading manufacturer and marketer of welded and cold drawn mechanical steel tubing, said today that manufacturing operations at its Alliance, Ohio plant have not been affected by the nine-day strike called by the United Steelworkers (USW).

"All of the plant's machinery is operating and we are continuing to produce product to satisfy customer orders," said Cary Hart, Chief Operating Officer of PTC Alliance's North American Tubing business. "During the first week of the strike 100 trucks with product left the plant, and during the same time the Company received about 80 trucks of supplies, which is in line with normal shipping volume. We continue to receive new orders as usual and there have been no cancellations of any customer orders."

"We remain committed to a consensual agreement with the union and look forward to tomorrow's session with the federal mediator as a positive step in that process," Mr. Hart added.

Approximately 220 workers represented by the USW went on strike just after midnight on September 30 immediately following the expiration of the current labor contract. Prior to that time the Company had been negotiating in good faith with the union, and in fact had reached an agreement with the union on a proposed Memorandum of Understanding, which was signed by the local committee. The workers voted to reject the deal, and the union then approached management with a new list of non-economic demands which were clearly unacceptable. When the parties were unable to reach an agreement the union advised the Company that it would go on strike.

About PTC Alliance

PTC Alliance is a leading manufacturer and marketer of welded and cold drawn mechanical steel tubing and tubular shapes, fabricated parts, precision components and chrome-plated rod. The company's major customers include steel service centers, automotive and truck manufacturers, construction and agricultural equipment OEMs and machinery and appliance makers. With eleven strategically located factories in North America and a manufacturing complex in Germany, PTC Alliance is able to minimize lead time, shipping distance and expense for its customers.

PTC Alliance Corp.

CONTACT: Jeff Lloyd or Tom Becker, both of Sitrick And Company, +1-212-573-6100, for PTC Alliance

Source: PRNewswire

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