Section 1- Conflict Minerals Disclosure
Item 1.01
|
Conflict Minerals Disclosure and Report
|
Conflict Minerals Disclosure
Introduction
This Specialized Disclosure Report on Form SD (this Report) is filed pursuant to
Rule 13p-1 (the Rule) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act), for the reporting period from January 1, 2019 to
December 31, 2019. The Rule requires disclosure of certain information when a company manufactures or contracts to manufacture products for which gold, columbite-tantalite (coltan), cassiterite, wolframite, or their derivatives, which are
currently limited to tantulum, tin and tungsten (collectively, the Conflict Minerals) are contained in, and necessary to the functionality or production of, such products. The Rule requires that SEC registrants conduct in
good faith a reasonable country of origin inquiry (RCOI) designed to determine whether any such Conflict Minerals originated in the Democratic Republic of Congo or any adjoining country (as defined by the SEC)
(collectively, the Covered Countries) or are from recycled or scrap sources.
Ampco-Pittsburgh Corporation (including its consolidated
subsidiaries as the context may require, the Corporation or the Registrant) has determined that tin and tungsten (together, the Identified Minerals) were contained in, and
necessary to the functionality or production of, one or more products manufactured by the Corporation or contracted by the Corporation to be manufactured (the Covered Products) during the period covered by this Report. As
such, the Corporation has conducted in good faith an RCOI designed to determine whether any of the Identified Minerals in the Covered Products (1) originated in a Covered Country or (2) are from recycled or scrap sources.
As discussed more fully below, based on the Corporations RCOI, the Corporation has concluded that (a) it does not have any reason to believe that
any of the Identified Minerals used in connection with the Covered Products may have originated in a Covered Country or (b) it has reason to believe that the Identified Minerals used in connection with the Covered Products may be from recycled
or scrap sources.
The Corporation and its Business Segments
The Corporation was incorporated in Pennsylvania in 1929 and manufactures and sells highly engineered, high performance specialty metal products and customized
equipment utilized by industry throughout the world. The Corporation classifies its business in two segments: Forged and Cast Engineered Products and Air and Liquid Processing.
Forged and Cast Engineered Products Segment
The Forged
and Cast Engineered Products segment, consisting of Union Electric Steel Corporation and its direct and indirect subsidiaries (collectively, UES), has operations in the United States, England, Sweden, and Slovenia and has an
equity interest in three joint-venture companies in China. The companies comprising this segment produce ingot, forged products and cast products that service a wide variety of industries globally. The Forged and Cast Engineered Products segment
specializes in the production of forged hardened steel rolls used mainly for cold rolling by producers of steel, aluminum and other metals and cast rolls for hot and cold strip mills, medium/heavy section mills and plate mills in a variety of iron
and steel qualities. In addition, this segment produces ingot and open-die forged products which are used in the gas and oil industry and the aluminum and plastic extrusion industries.
Air and Liquid Processing Segment
The Air and Liquid
Processing segment consists of Aerofin, Buffalo Air Handling and Buffalo Pumps, all divisions of Air & Liquid Systems Corporation, a wholly-owned subsidiary of the Corporation. This segment has operations in Virginia and New York, with
headquarters in Carnegie, Pennsylvania, and distributes a significant portion of its products through a common independent group of sales offices located throughout the United States and Canada.
2