After the market had closed on September 16, 2022, GrafTech International disclosed that operations have been temporarily suspended at its graphite electrode manufacturing facility in Monterey, Mexico following an inspection by the State Attorney’s Office for the Secretary of the Environment for the State of Nuevo León.
Additionally, the Director of Integral Air Management of the Undersecretary of Climate Change and Air Quality of the Ministry of the Environment determined that GrafTech International’s operating license in Mexico was no longer in effect. The Company was unable to assess how long operations at the manufacturing facility will be temporarily suspended.
Shares of GraftTech International, Ltd. fell more than 9% in intraday trading on September 19, 2022.
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