GrafTech Announces Publication of 2023 Sustainability Report

Rhea-AI Summary

GrafTech International (NYSE:EAF), a key producer of graphite electrode products for electric arc furnace (EAF) steel manufacturing, has released its 2023 Sustainability Report. This report outlines the company's ongoing efforts in environmental, social, and governance (ESG) areas. CEO Timothy Flanagan emphasized GrafTech's role in supporting environmentally friendly steel production through their products. The report is accessible on GrafTech's website, and feedback is encouraged via email at sustainability@graftech.com.

BROOKLYN HEIGHTS, Ohio--(BUSINESS WIRE)-- GrafTech International Ltd. (NYSE:EAF) (the “Company” or “GrafTech”), a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace (“EAF”) steel, today announced the publication of its 2023 Sustainability Report, highlighting the Company’s environmental, social, and governance (“ESG”) efforts and initiatives.

“We are pleased to share GrafTech’s 2023 Sustainability Report, highlighting our continued progress regarding ESG initiatives,” commented Timothy Flanagan, Chief Executive Officer and President. “As a leading provider of a product that is mission critical to EAF steelmaking, an environmentally friendly alternative to traditional steelmaking, GrafTech is proud of our ongoing contributions towards the sustainability of steel.”

GrafTech’s digital 2023 Sustainability Report is available on our website at www.graftech.com/sustainability. We welcome feedback on our Sustainability Report at sustainability@graftech.com.

About GrafTech

GrafTech International Ltd. is a leading manufacturer of high-quality graphite electrode products essential to the production of electric arc furnace steel and other ferrous and non-ferrous metals. The Company has a competitive portfolio of low-cost, ultra-high power graphite electrode manufacturing facilities, with some of the highest capacity facilities in the world. We are the only large-scale graphite electrode producer that is substantially vertically integrated into petroleum needle coke, our key raw material for graphite electrode manufacturing. This unique position provides us with competitive advantages in product quality and cost.

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect our current views with respect to, among other things, financial projections, plans, and objectives of management for future operations, and future economic performance. Examples of forward-looking statements include, among others, statements we make regarding future estimated volume, pricing and revenue, anticipated levels of capital expenditures and cost of goods sold, operational goals and emissions reductions and related plans and guidance relating to adjusted EBITDA and free cash flow. You can identify these forward-looking statements by the use of forward-looking words such as “will," “may," “plan," “estimate," “project," “believe," “anticipate," “expect," “foresee," “intend," “should," “would," “could," “target," “goal," “continue to," “positioned to," “are confident," or the negative versions of those words or other comparable words. Any forward-looking statements contained in this press release are based upon our historical performance and on our current plans, estimates and expectations considering information currently available to us. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates, or expectations contemplated by us will be achieved. Our expectations and targets are not predictions of actual performance and historically our performance has deviated, often significantly, from our expectations and targets. These forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy, and liquidity. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements, including those factors described in the “Cautionary Note Regarding Forward-Looking Statements" and “Risk Factors" sections in reports and statements filed by the Company with the U.S. Securities and Exchange Commission. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Except as required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240705137146/en/

Michael Dillon

216-676-2000

Source: GrafTech International Ltd.

FAQ

What did GrafTech announce in their latest press release?

GrafTech announced the publication of its 2023 Sustainability Report, focusing on its ESG initiatives.

Where can I find GrafTech's 2023 Sustainability Report?

The report is available on GrafTech's website at www.graftech.com/sustainability.

What are the key focus areas of GrafTech's 2023 Sustainability Report?

The report highlights GrafTech's environmental, social, and governance (ESG) efforts and initiatives.

How is GrafTech contributing to environmentally friendly steel production?

GrafTech produces graphite electrode products essential for electric arc furnace (EAF) steelmaking, which is an environmentally friendly alternative to traditional methods.

Who commented on GrafTech's 2023 Sustainability Report?

Timothy Flanagan, CEO and President of GrafTech, commented on the report.

What is GrafTech's stock symbol?

GrafTech's stock symbol is EAF.