July 23, 2014 at 2:10 p.m.

ATI releases third quarter results

Business Roundup

Allegheny Technologies Incorporated, the parent company of the Portland Forge, recently announced its third quarter results.
ATI reported net income for the third quarter of 2012 of $35.3 million, or $0.32 a share, on sales of $1.22 billion
For the nine months ending Sept. 30, ATI reported a net income of $147.9 million, or $1.32 per share, on sales of $3.93 billion.
“Continuing uncertainty regarding global economic conditions impacted our third quarter,” Rich Harshman, Chairman, President and CEO said in a statement. “We are seeing conservative inventory management throughout the supply chains of most of our major end markets. These actions appear to be driven by concerns about the U.S. election and resolution of the U.S. ‘fiscal cliff,’ and uncertain economic trends in China, Europe, and Japan.”

Workshop offered
CrossRoads Financial Federal Credit Union will be hosting a workshop titled “Medicare, You and Open Enrollment,” on Tuesday.
The workshop will be presented by Randy Chapman at 1102 W. Votaw St., Portland, at 2 p.m. It will give participants the chance to learn more about open enrollment and how to choose the best insurance and drug coverage.
To reserve a seat, call (260) 726-2142, ext. 31. Light refreshments will be served.

Autumn Health Fair
Adams Memorial Hospital will once again offer its annual Autumn Health Fair at the South Adams Senior Center, 825 Hendricks St., Berne, on Friday from 7-10 a.m.
The health fair will allow people of all ages to receive a flu shot and a variety of tests. It will also give them the chance to review educational booths and displays.
Some tests may come with a fee. For more information, call (260) 724-2145, ext. 1670.

“Best Places to Work” applications
Applications for the 2013 “Best Places to Work in Indiana” program will be accepted until Nov. 30.
Hosted by the Indiana Chamber of Commerce, the program is in its eighth year. Top companies in the state are honored as determined through employer reports and comprehensive employee surveys.
For more information on the program or to register to participate, go to www.bestplacestoworkIN.com or call the Best Companies Group at (877) 455-2159.

POET purchase
POET-DSM Advanced Biofuels recently announced that it has contracted for a key technology/process component in breaking down cellulose to produce advanced biofuel.
POET has contracted with International Technology Group ANDRITZ’s U.S. subsidiary ANDRITZ, Inc. to supply a two-step biomass treatment process for a bio-ethanol plant under construction in Emmetsburg, Iowa.
The technology will help to draw out the available sugar in the collected biomass so it can be converted into clean-burning ethanol.
POET operates a plant at 1542 S. 200 West, Portland.

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