Ampco-Pittsburgh Corporation’s long-term asbestos liability was US$180,670,000 as of March 31, 2009, compared with US$187,014,436 as of Dec. 31, 2008.
The Company’s current asbestos liability was US$20 million as of both March 31, 2009 and Dec. 31, 2008.
The Company’s long-term asbestos…
Ampco-Pittsburgh Corporation faced 9,354 open asbestos-related claims for the year ended Dec. 31, 2008, compared with 8,335 claims for the year ended Dec. 31, 2007.
For the nine months ended Sept. 30, 2008, the Company faced about 9,372 open asbestos-related claims.…
Ampco-Pittsburgh Corporation’s asbestos-related claims reserve, at Dec. 31, 2008, was US$207 million, according to the Company’s 2008 annual report filed with the Securities and Exchange Commission.
The reserve includes defense costs for Asbestos Liability claims that were pending or projected to…