Carnegie, PA, November 3, 2021 — Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise prices on forged and cast roll products that it and its subsidiaries produce globally. This increase is effective immediately on all orders.

The price adjustments are driven by continued upward pricing pressures on the cost of raw materials, natural gas, electricity, transportation, labor, and other consumables, increasing production costs due to growing product demand, and other global supply chain factors. Consequently, Union Electric Steel will increase its pricing levels on forged and cast rolls products by 8-12%, depending on contractual energy surcharge coverages currently in place.

Commenting on the announcement, Skip Reinert, Vice President of Sales and Marketing, stated, “As the overall metal industry has ramped activity, manufacturing and supply chain costs, including natural gas, labor, and transportation, continue to increase dramatically. Additionally, our business continues to be impacted by the increasing costs of key raw materials. This price adjustment is necessary to maintain a reliable supply of superior-quality products for our customers.”

About Ampco-Pittsburgh Corporation

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on behalf of Ampco-Pittsburgh Corporation (the “Corporation”). This press release may include, but is not limited to, statements about operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “will,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); changes in the existing regulatory environment; new trade restrictions and regulatory burdens associated with “Brexit”; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation’s operations and strategic plan; inoperability of certain equipment on which the Corporation relies; work stoppage or another industrial action on the part of any of the Corporation’s unions; liability of the Corporation’s subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of those subsidiaries; inability to satisfy the continued listing requirements of the New York Stock Exchange or NYSE American; failure to maintain an effective system of internal control; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation’s latest Annual Report on Form 10-K. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, October 25, 2021 — Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel” or “the Corporation”), will raise prices on its forged engineered products (FEP). This increase is effective immediately on all new orders received as of October 25, 2021, or as relevant contract terms permit. The Corporation will also implement an alloy and energy surcharge on all orders shipping on or after January 1, 2022.

The price adjustments are driven by upward pricing pressures on the cost of raw materials, natural gas, electricity, transportation, and other consumables, increasing production costs due to growing product demand, and other global supply chain factors. Consequently, Union Electric Steel is increasing its pricing levels by approximately 12-18% for all forged engineered product (FEP) lines worldwide.

Commenting on the announcement, Skip Reinert, Vice President of Sales and Marketing, stated, “As the overall metal industry has ramped activity, manufacturing and supply chain costs, including labor and transportation, have increased dramatically. Additionally, our business continues to be impacted by the increasing costs of key raw materials. This price adjustment is necessary to maintain a reliable supply of superior-quality products to our customers.”

About Ampco-Pittsburgh Corporation

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on behalf of Ampco-Pittsburgh Corporation (the “Corporation”). This press release may include, but is not limited to, statements about operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “will,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); changes in the existing regulatory environment; new trade restrictions and regulatory burdens associated with “Brexit”; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation’s operations and strategic plan; inoperability of certain equipment on which the Corporation relies; work stoppage or another industrial action on the part of any of the Corporation’s unions; liability of the Corporation’s subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of those subsidiaries; inability to satisfy the continued listing requirements of the New York Stock Exchange or NYSE American; failure to maintain an effective system of internal control; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation’s latest Annual Report on Form 10-K. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, January 22, 2019 — Ampco-Pittsburgh Corporation (NYSE: AP) today announced the appointment of Samuel C. Lyon as President of Union Electric Steel Corporation (“Union Electric Steel”), a wholly-owned subsidiary of Ampco-Pittsburgh, effective February 4, 2019. Mr. Lyon succeeds Rodney Scagline, former Union Electric Steel President. The Corporation would like to thank Mr. Scagline for his contributions and leadership during the past seven years and wishes him the very best in his future endeavors.

Mr. Lyon brings over 27 years of experience in lean manufacturing, operations and process improvement leadership to his role at Union Electric Steel, most recently serving as Vice President and Group President of Performance Engineered Products for Carpenter Technology Corporation, a developer, manufacturer and distributor of stainless steels and corrosion-resistant alloys. In this role, Mr. Lyon had overall leadership responsibility for the Dynamet Incorporate, Carpenter Powder Products, Amega West Services, and Distribution businesses. Prior to this leadership position, Mr. Lyon was Vice President and General Manager for Dynamet.

Mr. Lyon has held executive roles in operations management as Chief Operating Officer for the UCI-Fram Pumps Business, Vice President of North East Manufacturing Operations for AFGlobal Corporation, and as Vice President of Operations and Director of Lean Manufacturing for Precision Castparts Corporation. Mr. Lyon has also held positions of increasing responsibility and leadership during his 17 years with Alcoa Forged Products.

Mr. Lyon holds a bachelor’s degree in Metallurgical Engineering from the University of Pittsburgh. He will be based in Carnegie, Pennsylvania.

“We are pleased that Sam has agreed to join our executive team,” said J. Brett McBrayer, Chief Executive Officer of Ampco-Pittsburgh. “Sam has a unique background in manufacturing and a proven track record for driving positive results. He has a hands-on approach and expertise in operational efficiency, combined with knowledge and experience in the metals industry. The addition of Sam to our leadership team is a critical step in our business improvement plan.”

Contact:
Melanie L. Sprowson
Director, Investor Relations
+1 412-429-2454
msprowson@ampcopgh.com

About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States, Canada, United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on our behalf. This news release may contain forward-looking statements that reflect our current views with respect to future events and financial performance. All statements in this document other than statements of historical fact are statements that are, or could be, deemed forward-looking statements within the meaning of the Act. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For Ampco-Pittsburgh, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on Form 10-K. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, June 25, 2018 — Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its Board of Directors has elected J. Brett McBrayer, age 52, as Chief Executive Officer (CEO) and Director, effective July 1, 2018. Mr. McBrayer succeeds the Corporation’s current CEO, John S. Stanik, who announced his impending retirement in October 2017.

Mr. McBrayer brings over 27 years of international business and manufacturing leadership to his role at Ampco-Pittsburgh, most recently serving as President and CEO at Airtex Products and ASC Industries, a global manufacturer and distributor of automotive aftermarket and OEM fuel and water pumps. Before joining Airtex/ASC, he was Vice President and General Manager of the Alcan Cable business at Rio Tinto Alcan. This position was preceded by his role as Vice President and General Manager of the Specialty Metals Division at Precision Castparts Corporation. Mr. McBrayer has also held positions of increasing responsibility and leadership during his 20 years with Alcoa, Inc.

Mr. McBrayer received his Master of Arts in Applied Behavioral Science from Bastyr University and a bachelor’s degree in Industrial Engineering from the University of Tennessee.

“Brett is an outstanding leader who has a proven track record of leadership and success,” said Mr. Leonard Carroll, Chairman of the Board. “I’m very pleased with the Board’s decision, and I’m confident Brett will lead the Corporation towards a great future and increase shareholder value.”

“On behalf of the Board of Directors, I would like to thank John for his outstanding leadership and tremendous contributions to Ampco-Pittsburgh,” continued Mr. Carroll. “John’s guidance and strategic oversight will have a lasting impact on the Corporation. We wish him all the best in the years ahead.”

Contact:
Melanie L. Sprowson
Director, Investor Relations
+1 412-429-2454
msprowson@ampcopgh.com

About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States, Canada, United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on our behalf. This news release may contain forward-looking statements that reflect our current views with respect to future events and financial performance. All statements in this document other than statements of historical fact are statements that are, or could be, deemed forward-looking statements within the meaning of the Act. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For Ampco-Pittsburgh, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on Form 10-K. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, April 18, 2018 — Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise prices on forged and cast roll products that it and its subsidiaries produce globally. These subsidiaries include the acquired companies formerly comprising the Åkers Group (“Åkers”). This increase is effective immediately on all new orders received as of April 18, 2018, or as relevant contract terms permit.
 
The price adjustments are driven by upward pricing pressures on the cost of raw materials and other steelmaking consumables, increasing production costs due to growing product demand and other global inflationary factors. As a direct consequence, Union Electric Steel is increasing its pricing levels by approximately 8-10% for all forged and cast roll product lines worldwide. 

Commenting on the announcement, Rodney Scagline, President of Union Electric Steel, stated, “Our business continues to be impacted by the increasing costs of key raw materials, such as electrodes and refractories. In addition, as the overall metal industry has ramped activity, other manufacturing and supply chain costs, such as cutting tool inserts, labor, and transportation, have increased dramatically. We are particularly concerned about the cost of freight within North America following the recently adopted Electronic Logging Device Rule. Union Electric Steel must recover these costs to be able to invest in our operations in order to maintain a reliable supply of rolls to our customers.”

Contact:
Melanie L. Sprowson
Director, Investor Relations
412-429-2454
msprowson@ampcopgh.com

FOR IMMEDIATE RELEASE
CARNEGIE, PA
April 18, 2018

About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States, Canada, United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on our behalf. This news release may contain forward-looking statements that reflect our current views with respect to future events and financial performance. All statements in this document other than statements of historical fact are statements that are, or could be, deemed forward-looking statements within the meaning of the Act. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For Ampco-Pittsburgh, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on Form 10-K. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, December 15, 2017 — Ampco-Pittsburgh Corporation (NYSE: AP) today announced that its wholly-owned subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), has introduced TwinAlloy Steel, a new generation of high-performance grade rolls, with the release of VICTURA, the first product in the series.

Used in hot rolling, late finishing stand applications, VICTURA rolls are engineered to provide superior wear resistance, excellent surface quality, and improved performance when compared to conventional late stand rolls.

“I am pleased to announce the introduction of the Union Electric Åkers TwinAlloy series of high-performance rolls, which brings enhanced performance and improved Total Cost of Ownership to our customers,” says Rodney Scagline, President of Union Electric Steel.

“With the launch of VICTURA, we’re further strengthening our portfolio to provide products that have the longer-lasting durability, increased wear-resistance, and unparalleled performance that our customers require to meet their ever-changing challenges. Union Electric Steel will continue to introduce product and service advancements that secure its position as the preferred brand among our customers.”

For more information on VICTURA TwinAlloy Steel Rolls, please visit the Union Electric Åkers Product page at www.uniones.com.

About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States, Canada, United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on our behalf. This news release may contain forward-looking statements that reflect our current views with respect to future events and financial performance. All statements in this document other than statements of historical fact are statements that are, or could be, deemed forward-looking statements within the meaning of the Act. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For Ampco-Pittsburgh, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on Form 10-K. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, October 5, 2017 — Ampco-Pittsburgh Corporation (NYSE: AP) today announced that its wholly-owned subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), has been selected by Zhongwang (Yingkou) High Precision Aluminum Industry Co., Ltd (“Zhongwang Aluminum”), a leading Chinese manufacturer of high-end aluminum flat-rolled products, to supply rolls for their new hot rolling mill installation.

The $4.4 million agreement, which includes Union Electric Åkers forged finishing work rolls and forged roughing work rolls, follows a successful series of trials at the customer’s existing manufacturing plant. Shipments are expected to begin in the first quarter of 2018.

Zhongwang Aluminum specializes in the casting, hot rolling, cold rolling, and finishing of heavy gauge aluminum plates and sheets for the transportation sector which includes plates for vessels, commercial vehicles, tankers, and railway, as well as chemical containers, industrial packaging, and durable consumer goods. The customer, located in Wuqing District, Tianjin Province, is a subsidiary of China Zhongwang Holdings Limited.

Rodney Scagline, President of Union Electric Steel, said, “The agreement adds another accredited, large new aluminum mill to our customer list. Supplying the rolls needed for this new mill is an encouraging win for us, demonstrating our growing presence among major aluminum rolling mills around the world which require the most demanding, high-quality rolls. We look forward to serving this important customer and to meeting Zhongwang Aluminum’s needs as they evolve in the future.”

About Ampco-Pittsburgh Corporation

Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States, anada, United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

About China Zhongwang Holdings Limited

China Zhongwang Holdings Limited (the “Company,” together with its subsidiaries, the “Group”), is one of the largest aluminum extrusion product developers and manufacturers in the world and the largest in Asia. On May 8, 2009, the Company (stock code: 01333) was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). The Group was founded in 1993 with its headquarters based in Liaoning Province, China, and is now mainly engaged in aluminum extrusion and deep processing businesses. The Group currently has over 90 aluminum extrusion production lines, including 21 production lines of large-scale aluminum extrusion presses of 75MN or above. The Group has been primarily focusing on the light-weight development in the transportation, machinery and equipment, and electric power engineering downstream sectors, through the provision of quality fabricated aluminum products.

The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on our behalf. This news release may contain forward-looking statements that reflect our current views with respect to future events and financial performance. All statements in this document other than statements of historical fact are statements that are, or could be, deemed forward-looking statements within the meaning of the Act. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For Ampco-Pittsburgh, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on Form 10-K. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, October 5, 2017 — Ampco-Pittsburgh Corporation (NYSE: AP) today announced that its wholly-owned subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), has been selected by Zhongwang (Yingkou) High Precision Aluminum Industry Co., Ltd (“Zhongwang Aluminum”), a leading Chinese manufacturer of high-end aluminum flat-rolled products, to supply rolls for their new hot rolling mill installation.

The $4.4 million agreement, which includes Union Electric Åkers forged finishing work rolls and forged roughing work rolls, follows a successful series of trials at the customer’s existing manufacturing plant. Shipments are expected to begin in the first quarter of 2018.

Zhongwang Aluminum specializes in the casting, hot rolling, cold rolling, and finishing of heavy gauge aluminum plates and sheets for the transportation sector which includes plates for vessels, commercial vehicles, tankers, and railway, as well as chemical containers, industrial packaging, and durable consumer goods. The customer, located in Wuqing District, Tianjin Province, is a subsidiary of China Zhongwang Holdings Limited.

Rodney Scagline, President of Union Electric Steel, said, “The agreement adds another accredited, large new aluminum mill to our customer list. Supplying the rolls needed for this new mill is an encouraging win for us, demonstrating our growing presence among major aluminum rolling mills around the world which require the most demanding, high-quality rolls. We look forward to serving this important customer and to meeting Zhongwang Aluminum’s needs as they evolve in the future.” 

About Ampco-Pittsburgh Corporation

Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States,Canada, United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

About China Zhongwang Holdings Limited

China Zhongwang Holdings Limited (the “Company,” together with its subsidiaries, the “Group”), is one of the largest aluminum extrusion product developers and manufacturers in the world and the largest in Asia. On May 8, 2009, the Company (stock code: 01333) was successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited (the “Stock Exchange”). The Group was founded in 1993 with its headquarters based in Liaoning Province, China, and is now mainly engaged in aluminum extrusion and deep processing businesses. The Group currently has over 90 aluminum extrusion production lines, including 21 production lines of large-scale aluminum extrusion presses of 75MN or above. The Group has been primarily focusing on the light-weight development in the transportation, machinery and equipment, and electric power engineering downstream sectors, through the provision of quality fabricated aluminum products. 

The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by oronourbehalf.Thisnewsreleasemaycontainforward-lookingstatementsthatreflectourcurrentviewswithrespecttofuture events and financial performance. All statements in this document other than statements of historical fact are statements that are, or could be, deemed forward-looking statements within the meaning of the Act. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levelsandplans,objectives,outlook,targets,guidanceorgoalsareforward-lookingstatements.Wordssuchas“may,”“intend,” “believe,”“expect,”“anticipate,”“estimate,”“project,”“forecast”andothertermsofsimilarmeaningthatindicatefutureevents and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties.ForAmpco-Pittsburgh,theserisksanduncertaintiesinclude,butarenotlimitedto,thosedescribedunderItem1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on Form 10-K. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to updateforward-lookingstatementswhetherasaresultofnewinformation,eventsorotherwise.

Carnegie, PA, July 10, 2017 — Ampco-Pittsburgh Corporation (NYSE: AP) announced today that its subsidiary, Union Electric Steel Corporation (“Union Electric Steel”), will raise prices on forged and cast engineered products that it and its subsidiaries produce globally. These subsidiaries include the acquired companies formerly comprising the Åkers Group (“Åkers”). This increase is effective August 1, 2017, or as relevant contract terms permit.

The price adjustments are driven by increasing production costs due to growing product demand, as well as upward pricing pressures on the cost of key raw materials, combined with other steelmaking consumables such as electrodes and refractories. As a direct consequence, Union Electric Steel is increasing its pricing levels by approximately 10% for all product lines worldwide.

Commenting on the announcement, Rodney Scagline, President of Union Electric Steel, stated, “Despite considerable efforts made across the business to offset cost pressures, we are now compelled to increase price levels globally. The increase is necessary to ensure that Union Electric Steel remains a reliable and long-term provider of high-quality products and services, as well as a partner of application development and product innovation to support our customers.”

About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States,Canada, United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on our behalf. This news release may contain forward-looking statements that reflect our current views with respect to future events and financial performance. All statements in this document other than statements of historical fact are statements that are, or could be, deemed forward-looking statements within the meaning of the Act. In this document, statements regarding future financial position, sales, costs, earnings, cash flows, other measures of results of operations, capital expenditures or debt levels and plans, objectives, outlook, targets, guidance or goals are forward-looking statements. Words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For Ampco-Pittsburgh, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Ampco-Pittsburgh’s Annual Report on Form 10-K. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.

Carnegie, PA, November 1, 2016 — Ampco-Pittsburgh Corporation (NYSE: AP) is pleased to announce the acquisition of ASW Steel, Inc. (“ASW”), a premier specialty steel producer based in Welland, Ontario, Canada. The total purchase price of ASW is approximately $13.1 million, including $3.5 million in cash and assumption of approximately $9.6 million of outstanding indebtedness.

Commenting on the acquisition, John Stanik, Ampco-Pittsburgh’s Chief Executive Officer, said, “I am very pleased to add ASW to the Ampco-Pittsburgh family. This acquisition is a very important element in AmpcoPittsburgh’s strategic diversification plan. ASW’s proven broad expertise in flexible steel refining methods will provide us with the capabilities to manufacture the additional chemistries needed to expand our reach in the open-die forging market. The transaction also enhances our ability to grow in markets in which we currently participate and to add new markets for customers in the oil and gas, power generation, aerospace, transportation, and construction industries.”

“We are very excited to join the Ampco-Pittsburgh group of companies. ASW has enjoyed a healthy, longstanding relationship with their steel-related facilities. Our combined capabilities will offer forgers, ring rollers, and rolling mills, a high-quality supplier with the broadest range of specialized steel products in the marketplace. Most importantly, however, I see a strong cultural fit. Ampco-Pittsburgh is driven to succeed, and their employees are progressive and service oriented. ASW employees embody the same values and enthusiasm. We cannot wait to get started,” said Tim Clutterbuck, President of ASW Steel, Inc.

ASW, whose annual revenues are approximately CAD 65 million, will be an indirect subsidiary of Union Electric Steel Corporation, a wholly owned operating subsidiary of Ampco-Pittsburgh. Union Electric Steel is a leading producer of forged and cast engineered products for the global steel and aluminum industries.

Contact:
Melanie L. Sprowson
Director, Investor Relations
+1 412-429-2454
msprowson@ampcopgh.com

About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation, through its operating subsidiary, Union Electric Steel Corporation, is a leading producer of forged and cast rolls for the worldwide steel and aluminum industries, as well as ingot and open die forged products for the oil and gas, aluminum, and plastic extrusion industries. Ampco-Pittsburgh is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. The Corporation operates manufacturing facilities in the United States,
United Kingdom, Sweden, Slovenia, and China. Sales offices are located in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.

About ASW Steel, Inc.
ASW Steel, Inc. is a premier specialty steel-making facility located in Welland, Ontario, offering a unique combination of carbon, stainless, and other specialty steelmaking capabilities. Flexible steel refining methods include argon oxygen decarburization, vacuum oxygen decarburization, vacuum degassing, and ladle metallurgical station. ASW Steel’s specialty metals and flexible steel refining methods allow for the production of various high-quality products.

Certain statements in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and may include, but are not limited to, statements about sales levels, restructuring, profitability and anticipated synergies, expenses and cash outflows. All forward-looking statements involve risks and uncertainties. All statements contained herein that are not clearly historical in nature are forward-looking, and words such as “believe,” “anticipate,” “expect,” “estimate,” “may,” “will,” “should,” “continue,” “plans,” “intends,” “likely,” or other similar words or phrases are generally intended to identify forward-looking statements. Any forward-looking statement contained herein, in other press releases, written statements or documents filed with the Securities and Exchange Commission, or in Ampco-Pittsburgh Corporation communications with and discussions with investors and analysts in the normal course of business through meetings, phone calls and conference calls, regarding expectations with respect to sales, earnings, cash flows, operating efficiencies, product introduction or expansion, the benefits of acquisitions and divestitures or other matters as well as financings and repurchases of debt or equity securities, are subject to known and unknown risks, uncertainties and contingencies. Many of these risks, uncertainties and contingencies are beyond our control, and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. Factors that might affect such forward-looking statements, include, among other things, disruption from the acquisition may make it more difficult to maintain relationships with customers or suppliers; general economic and business conditions, demand for Ampco-Pittsburgh’s goods and services, competitive conditions, interest rate and foreign currency rate fluctuations, availability of key raw materials and unfavorable resolution of claims against the Corporation, as well as those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by Ampco-Pittsburgh, particularly our latest annual report on Form 10-K and subsequent filings. Any forward-looking statements in this release speak only as of the date of this release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events.