----

| Part I -      Financial Information:           | Page      No.       |
|-----------------------------------------------------|---------------------|
|                                                |                |   |   |
|                                                | Item 1      – | Financial      Statements |   |
|                                                |                |   |   |
|                                                |                | Condensed      Consolidated Balance Sheets –June 30, 2009      and December 31, 2008 | 3 |
|                                                |                |   |   |
|                                                |                | Condensed      Consolidated Statements of Operations –Six and Three Months Ended June 30,      2009 and 2008 | 4 |
|                                                |                |   |   |
|                                                |                | Condensed      Consolidated Statements of Cash Flows – Six Months Ended June 30, 2009 and      2008 | 5 |
|                                                |                |   |   |
|                                                |                | Notes to      Condensed Consolidated Financial Statements | 6 |
|                                                |                |   |   |
|                                                | Item 2      -       | Management's      Discussion and Analysis of Financial Condition and Results of      Operations | 19 |
|                                                |                |   |   |
|                                                | Item 3      -       | Quantitative      and Qualitative Disclosures About Market Risk | 22 |
|                                                |                |   |   |
|                                                | Item 4      – | Controls and      Procedures | 22 |
|                                                |                |   |   |
|  Part II –      Other Information:  |                |

|   | Item 1      -      | Legal      Proceedings                                   | 23     |
|--------|--------------------|----------------------------------------------------------|--------|
|   |               |                                                     |   |
|   | Item 1A      -     | Risk      Factors                                        | 23     |
|   |               |                                                     |   |
|   | Item 4      -      | Submission of      Matters to a Vote of Security Holders | 23     |
|   |               |                                                     |   |
|   | Item 6      -      | Exhibits                                                 | 23     |
|   |               |                                                     |   |
|   | Signatures         |                                                     | 25     |
|   |               |                                                     |   |
|   | Exhibit      Index |                                                     | 26     |
|   |               |                                                     |   |
|   | Exhibits           |                                                     |   |
|   |               |                                                     |   |
|   |               |                                                     |   |
|   |               | Exhibit      31.1                                        |   |
|   |               | Exhibit      31.2                                        |   |
|   |               | Exhibit      32.1                                        |   |
|   |               | Exhibit      32.2                                        |   |
|   |               |                                                     |   |

----

|                                                                  |   | June      30,    |        |   | December      31, |   |
|-----------------------------------------------------------------------|--------|------------------|-------------|--------|-------------------|--------|
|                                                                  |   |   2009 |        |   |        2008  |   |
| Assets                                                                |   |             |        |   |              |   |
| Current      assets:                                                  |   |             |        |   |              |   |
| Cash and cash      equivalents                                        |   | $                | 79,080,962  |   |              | $      | 81,606,793 |   |
| Receivables,      less allowance for                                  |   |             |        |   |              |   |   |   |
|  doubtful      accounts of $456,175 in                           |   |             |        |   |              |   |   |   |
|  2009      and $211,021 in 2008                                  |   |             | 47,652,643  |   |              |   | 53,763,444 |   |
| Inventories                                                           |   |             | 63,771,947  |   |              |   | 62,634,464 |   |
| Insurance      receivable – asbestos                            |   |             | 22,000,000  |   |              |   | 14,000,000 |   |
| Other current      assets                                             |   |             | 19,400,904  |   |              |   | 16,885,616 |   |
| Total current      assets                                             |   |             | 231,906,456 |   |              |   | 228,890,317 |   |
|                                                                  |   |             |        |   |              |   |   |   |
| Property,      plant and equipment, net                               |   |             | 98,158,368  |   |              |   | 86,733,317 |   |
| Insurance      receivable - asbestos                                  |   |             | 103,151,356 |   |              |   | 122,175,929 |   |
| Investments      in joint ventures                                    |   |             | 10,641,463  |   |              |   | 6,536,412 |   |
| Deferred tax      assets                                              |   |             | 31,467,612  |   |              |   | 35,156,434 |   |
| Goodwill                                                              |   |             | 2,694,240   |   |              |   | 2,694,240 |   |
| Other      noncurrent assets                                          |   |             | 5,609,792   |   |              |   | 6,794,839 |   |
|                                                                  |   | $                | 483,629,287 |   |              | $      | 488,981,488 |   |
| Liabilities      and Shareholders' Equity                             |   |             |        |   |              |   |   |   |
| Current      liabilities:                                             |   |             |        |   |              |   |   |   |
| Accounts      payable                                                 |   | $                | 16,018,394  |   |              | $      | 16,906,407 |   |
| Accrued      payrolls and employee benefits                           |   |             | 11,349,210  |   |              |   | 10,831,512 |   |
| Industrial      Revenue Bond debt                                     |   |             | 13,311,000  |   |              |   | 13,311,000 |   |
| Asbestos      liability – current portion                       |   |             | 32,000,000  |   |              |   | 20,000,000 |   |
| Other current      liabilities                                        |   |             | 20,659,352  |   |              |   | 27,164,050 |   |
| Total current      liabilities                                        |   |             | 93,337,956  |   |              |   | 88,212,969 |   |
| Employee      benefit obligations                                     |   |             | 61,970,908  |   |              |   | 65,091,656 |   |
| Asbestos      liability                                               |   |             | 159,357,687 |   |              |   | 187,014,436 |   |
| Other      noncurrent liabilities                                     |   |             | 3,901,961   |   |              |   | 3,675,138 |   |
| Total      liabilities                                                |   |             | 318,568,512 |   |              |   | 343,994,199 |   |
|                                                                  |   |             |        |   |              |   |   |   |
| Commitments      and contingent liabilities                           |   |             |        |   |              |   |   |   |
| (Note      6)                                                         |   |             |        |   |              |   |   |   |
|                                                                  |   |             |        |   |              |   |   |   |
| Shareholders'      equity:                                            |   |             |        |   |              |   |   |   |
| Common stock      - par value $1; authorized                          |   |             |        |   |              |   |   |   |
|  20,000,000      shares; issued and outstanding                  |   |             |        |   |              |   |   |   |
|  10,199,997      shares in 2009 and 10,177,497      in 2008 |   |             | 10,199,997  |   |              |   | 10,177,497 |   |
| Additional      paid-in capital                                       |   |             | 114,884,173 |   |              |   | 113,471,496 |   |
| Retained      earnings                                                |   |             | 107,924,293 |   |              |   | 96,480,472 |   |
| Accumulated      other comprehensive loss                             |   |             | (67,947,688 | )      |              |   | (75,142,176 | ) |
| Total      shareholders' equity                                       |   |             | 165,060,775 |   |              |   | 144,987,289 |   |
|                                                                  |   | $                | 483,629,287 |   |              | $      | 488,981,488 |   |
|                                                                  |   |             |        |   |              |   |   |   |

----

|                                      |   | Six Months Ended June 30, |                   |   | Three Months Ended June 30, |   |             |
|-------------------------------------------|--------|---------------------------|------------------------|--------|-----------------------------|--------|------------------|
|                                      |   | 2009                      |                   |   | 2008                        |   |             | 2009 |   | 2008 |   |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |
| Net      sales                            |   | $                         | 160,733,852            |   |                        | $      | 200,519,255      |   |   | $ | 74,978,864 |   | $ | 102,689,468 |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Operating      costs and expenses:        |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|  Costs      of products sold         |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| (excluding      depreciation)             |   |                      | 109,994,148            |   |                        |   | 142,432,065      |   |   |   | 50,218,086 |   |   | 72,531,491 |   |
|  Selling      and administrative     |   |                      | 20,817,871             |   |                        |   | 20,931,495       |   |   |   | 10,196,238 |   |   | 10,676,878 |   |
|  Depreciation                        |   |                      | 3,625,804              |   |                        |   | 3,668,403        |   |   |   | 1,809,715 |   |   | 1,809,904 |   |
|  Gain on      disposition of assets  |   |                      | -                      |   |                        |   | (84,268          | ) |   |   | - |   |   | (79,828 | ) |
|   Total      operating expenses |   |                      | 134,437,823            |   |                        |   | 166,947,695      |   |   |   | 62,224,039 |   |   | 84,938,445 |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Income from      operations               |   |                      | 26,296,029             |   |                        |   | 33,571,560       |   |   |   | 12,754,825 |   |   | 17,751,023 |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Other income      (expense):              |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Investment-related      income            |   |                      | 146,815                |   |                        |   | 1,195,052        |   |   |   | 64,208 |   |   | 965,515 |   |
| Interest      expense                     |   |                      | (146,853               | )      |                        |   | (247,859         | ) |   |   | (77,489 | ) |   | (113,925 | ) |
| Other -      net                          |   |                      | (2,313,221             | )      |                        |   | (1,195,462       | ) |   |   | (535,446 | ) |   | (686,605 | ) |
|                                      |   |                      | (2,313,259             | )      |                        |   | (248,269         | ) |   |   | (548,727 | ) |   | 164,985 |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Income before      income taxes           |   |                      | 23,982,770             |   |                        |   | 33,323,291       |   |   |   | 12,206,098 |   |   | 17,916,008 |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Income tax      provision                 |   |                      | 8,871,000              |   |                        |   | 11,571,000       |   |   |   | 4,413,000 |   |   | 6,307,000 |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Net      income                           |   | $                         | 15,111,770             |   |                        | $      | 21,752,291       |   |   | $ | 7,793,098 |   | $ | 11,609,008 |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Earnings per      common share:           |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|  Basic                               |   | $                         | 1.48                   |   |                        | $      | 2.14             |   |   | $ | 0.77 |   | $ | 1.14 |   |   |
|  Diluted                             |   | $                         | 1.48                   |   |                        | $      | 2.14             |   |   | $ | 0.77 |   | $ | 1.14 |   |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Cash      dividends declared              |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|  per      share                      |   | $                         | 0.36                   |   |                        | $      | 0.36             |   |   | $ | 0.18 |   | $ | 0.18 |   |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
| Weighted-average      number of           |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|  common      shares outstanding:     |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |
|   Basic      shares             |   |                      |        10,180,881 |   |                        |   |  10,177,497 |   |   |   | 10,184,228 |   |   | 10,177,497 |   |   |
|   Diluted      shares           |   |                      | 10,181,779             |   |                        |   |  10,179,800 |   |   |   | 10,178,381 |   |   | 10,179,860 |   |   |
|                                      |   |                      |                   |   |                        |   |             |   |   |   |   |   |   |   |   |   |

----

|                                                                                               |   | Six Months      Ended June 30, |        |
|----------------------------------------------------------------------------------------------------|--------|--------------------------------|-------------|
|                                                                                               |   | 2009                           |        |   | 2008 |   |
|                                                                                               |   |                           |        |   |   |   |
| Net cash      flows provided by operating activities                                               |   | $                              | 21,709,482  |   |   | $ | 14,186,374 |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Cash flows      from investing activities:                                                         |   |                           |        |   |   |   |   |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Purchases of      property, plant and equipment                                                    |   |                           | (13,474,176 | ) |   |   | (9,755,367 | ) |
| Purchases of      short-term marketable securities                                                 |   |                           | -           |   |   |   | (61,628,567 | ) |
| Proceeds from      sales of short-term marketable securities                                  |   |                           | -           |   |   |   | 11,000,000 |   |
| Investment in      Chinese joint venture                                                           |   |                           | (4,410,000  | ) |   |   | (2,940,000 | ) |
| Collateral      for outstanding foreign currency exchange contracts (Note      8)             |   |                           | (4,326,000  | ) |   |   | - |   |
| Purchases of      long-term marketable securities                                                  |   |                           | (574,268    | ) |   |   | (562,558 | ) |
| Proceeds from      sale of long-term marketable securities                                    |   |                           | 507,731     |   |   |   | 463,058 |   |
| Other                                                                                              |   |                           | 1,774       |   |   |   | 92,572 |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Net cash      flows used in investing activities                                                   |   |                           | (22,274,939 | ) |   |   | (63,330,862 | ) |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Cash flows      from financing activities:                                                         |   |                           |        |   |   |   |   |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Dividends      paid                                                                                |   |                           | (3,663,899  | ) |   |   | (3,358,575 | ) |
| Proceeds from      the issuance of common stock                                                    |   |                           | 300,825     |   |   |   | - |   |
| Excess tax      benefits from the exercise of stock options                                   |   |                           |        |   |   |   |   |   |
|                                                                                               |   | 89,453                         |        |   |   | - |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Net cash      flows used in financing activities                                                   |   |                           | (3,273,621  | ) |   |   | (3,358,575 | ) |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Effect of      exchange rate changes on cash                                                       |   |                           |        |   |   |   |   |   |
| and cash      equivalents                                                                          |   |                           | 1,313,247   |   |   |   | 16,251 |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Net decrease      in cash and cash equivalents                                                     |   |                           | (2,525,831  | ) |   |   | (52,486,812 | ) |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Cash and cash      equivalents at beginning of period                                              |   |                           | 81,606,793  |   |   |   | 71,626,379 |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Cash and cash      equivalents at end of period                                                    |   | $                              | 79,080,962  |   |   | $ | 19,139,567 |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Supplemental      information:                                                                     |   |                           |        |   |   |   |   |   |
|  Income      tax payments                                                                     |   | $                              | 7,277,973   |   |   | $ | 5,512,649 |   |
|  Interest      payments                                                                       |   | $                              | 154,991     |   |   | $ | 266,236 |   |
|                                                                                               |   |                           |        |   |   |   |   |   |
| Non-cash      investing activities:                                                                |   |                           |        |   |   |   |   |   |
|  Purchases      of property, plant and equipment  included      in accounts payable |   | $                              | 1,006,147   |   |   | $ | - |   |
|  Appreciation      of short-term marketable                                                   |   |                           |        |   |   |   |   |   |
|   securities                                                                             |   | $                              | -           |   |   | $ | 451,554 |   |
|                                                                                               |   |                           |        |   |   |   |   |   |

----

| 1. | Unaudited Condensed      Consolidated FinancialStatements |
|----|-----------------------------------------------------------|

----

----

|  2. | Inventories |
|----------|-------------|

|                |   | (in      thousands) |   |
|---------------------|--------|---------------------|--------|
|                |   | June      30,       |   |   | December      31, |   |
|                |   | 2009                |   |   |        2008   |   |
|                |   |                |   |   |   |   |
| Raw      materials  |   | $                   | 12,719 |   |   | $ | 12,761 |   |
| Work-in-process     |   |                | 22,282 |   |   |   | 28,385 |   |
| Finished      goods |   |                | 18,373 |   |   |   | 12,817 |   |
| Supplies            |   |                | 10,398 |   |   |   | 8,671 |   |
|                |   | $                   | 63,772 |   |   | $ | 62,634 |   |

|   | Property,      plant and equipment were comprised of the  following: |
|--------|----------------------------------------------------------------------|

|                            |   | (in      thousands) |     |
|---------------------------------|--------|---------------------|----------|
|                            |   | June      30,       |     |   | December      31, |   |
|                            |   | 2009                |     |   |        2008   |   |
|                            |   |                |     |   |   |   |
| Land and land      improvements |   | $                   | 4,750    |   |   | $ | 4,749 |   |
| Buildings                       |   |                | 31,340   |   |   |   | 31,227 |   |
| Machinery and      equipment    |   |                | 147,835  |   |   |   | 146,146 |   |
| Construction-in-progress        |   |                | 28,676   |   |   |   | 14,945 |   |
| Other                           |   |                | 7,464    |   |   |   | 7,425 |   |
|                            |   |                | 220,065  |   |   |   | 204,492 |   |
| Accumulated      depreciation   |   |                | (121,907 | ) |   |   | (117,759 | ) |
|                            |   | $                   | 98,158   |   |   | $ | 86,733 |   |

----

| 4. | Other Current      Liabilities |
|----|--------------------------------|

|     Other current      liabilities were comprised of thefollowing: |
|----------------------------------------------------------------------------------------|

|                                     |   | (in      thousands) |   |
|------------------------------------------|--------|---------------------|--------|
|                                     |   | June      30,       |   |   | December      31, |   |
|                                     |   | 2009                |   |   |        2008   |   |
|                                     |   |                |   |   |   |   |
| Customer-related      liabilities        |   | $                   | 9,618  |   |   | $ | 9,512 |   |
| Foreign      currency exchange contracts |   |                | 1,451  |   |   |   | 6,887 |   |
| Accrued sales      commissions           |   |                | 2,033  |   |   |   | 2,853 |   |
| Dividend      payable                    |   |                | 1,836  |   |   |   | 1,832 |   |
| Accrued      income taxes payable        |   |                | 481    |   |   |   | 1,164 |   |
| Other                                    |   |                | 5,240  |   |   |   | 4,916 |   |
|                                     |   | $                   | 20,659 |   |   | $ | 27,164 |   |

|                                    |   | (in      thousands) |   |
|-----------------------------------------|--------|---------------------|--------|
|                                    |   | Six      Months     |   |   | Three      Months |   |
|                                    |   | Ended June      30, |   |   | Ended June      30, |   |
|                                    |   | 2009                |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                    |   |                |   |   |   |   |   |   |   |   |   |   |
| Balance at      beginning of the period |   | $                   | 4,724  |   |   | $ | 6,156 |   |   | $ | 4,900 |   |   | $ | 6,543 |   |
| Satisfaction      of warranty claims    |   |                | (751   | ) |   |   | (1,955 | ) |   |   | (482 | ) |   |   | (1,372 | ) |
| Provision for      warranty claims      |   |                | 889    |   |   |   | 1,571 |   |   |   | 437 |   |   |   | 596 |   |
| Other,      primarily impact from       |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  changes      in foreign currency  |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  exchange      rates               |   |                | 291    |   |   |   | (4 | ) |   |   | 298 |   |   |   | 1 |   |
| Balance at      end of the period       |   | $                   | 5,153  |   |   | $ | 5,768 |   |   | $ | 5,153 |   |   | $ | 5,768 |   |

|                                                            |
|------------------------------------------------------------|
|                                                       |   | (in      thousands) |   |
|                                                       |   |        2009   |   |   |        2008   |   |
|                                                       |   |   |   |   |   |   |
| U.S. pension      benefits plans                           |   | $ | 5,000 |   |   | $ | - |   |
| U.K. pension      benefits plan                            |   | $ | 687 |   |   | $ | 923 |   |
| Other      postretirement benefits(e.g. net      payments) |   | $ | 284 |   |   | $ | 200 |   |
| U.K. defined      contribution plan                        |   | $ | 130 |   |   | $ | 256 |   |

|                                                       |   | (in      thousands) |   |
|------------------------------------------------------------|--------|---------------------|--------|
|                                                       |   | 2009                |   |   | 2008 |   |
|                                                       |   |                |   |   |   |   |
| U.S. pension      benefits plans                           |   | $                   | 5,000  |   |   | $ | - |   |
| U.K. pension      benefits plan                            |   | $                   | 687    |   |   | $ | 923 |   |
| Other      postretirement benefits(e.g. net      payments) |   | $                   | 284    |   |   | $ | 200 |   |
| U.K. defined      contribution plan                        |   | $                   | 130    |   |   | $ | 256 |   |
|                                                       |   |                |   |   |   |   |   |   |

----

|                                |   | (in      thousands) |   |
|-------------------------------------|--------|---------------------|--------|
|                                |   | Six      Months     |   |   | Three      Months |   |
|                                |   | Ended June      30, |   |   | Ended June      30, |   |
| U.S. Pension Benefits               |   | 2009                |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                |   |                |   |   |   |   |   |   |   |   |   |   |
| Service      cost                   |   | $                   | 1,425  |   |   | $ | 1,344 |   |   | $ | 713 |   |   | $ | 672 |   |
| Interest      cost                  |   |                | 4,116  |   |   |   | 3,960 |   |   |   | 2,058 |   |   |   | 1,980 |   |
| Expected      return on plan assets |   |                | (5,045 | ) |   |   | (5,605 | ) |   |   | (2,523 | ) |   |   | (2,802 | ) |
| Amortization      of:               |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Prior      service cost       |   |                | 317    |   |   |   | 324 |   |   |   | 159 |   |   |   | 162 |   |
|  Actuarial      loss (gain)    |   |                | 863    |   |   |   | (65 | ) |   |   | 431 |   |   |   | (33 | ) |
| Net benefit      cost (income)      |   | $                   | 1,676  |   |   | $ | (42 | ) |   | $ | 838 |   |   | $ | (21 | ) |

|                                |   | (in      thousands) |   |
|-------------------------------------|--------|---------------------|--------|
|                                |   | Six      Months     |   |   | Three      Months |   |
|                                |   | Ended June      30, |   |   | Ended June      30, |   |
| Foreign Pension Benefits            |   | 2009                |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                |   |                |   |   |   |   |   |   |   |   |   |   |
| Interest      cost                  |   | $                   | 1,068  |   |   | $ | 1,320 |   |   | $ | 534 |   |   | $ | 660 |   |
| Expected      return on plan assets |   |                | (680   | ) |   |   | (1,400 | ) |   |   | (340 | ) |   |   | (700 | ) |
| Amortization      of actuarial loss |   |                | 212    |   |   |   | 157 |   |   |   | 106 |   |   |   | 79 |   |
| Net benefit      cost               |   | $                   | 600    |   |   | $ | 77 |   |   | $ | 300 |   |   | $ | 39 |   |

|                             |   | (in      thousands) |   |
|----------------------------------|--------|---------------------|--------|
|                             |   | Six      Months     |   |   | Three      Months |   |
|                             |   | Ended June      30, |   |   | Ended June      30, |   |
| Other Postretirement    Benefits |   | 2009                |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                             |   |                |   |   |   |   |   |   |   |   |   |
| Service      cost                |   | $                   | 219    |   |   | $ | 203 |   |   | $ | 110 |   |   | $ | 106 |   |
| Interest      cost               |   |                | 420    |   |   |   | 393 |   |   |   | 210 |   |   |   | 196 |   |
| Amortization      of:            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Prior      service cost    |   |                | 43     |   |   |   | 34 |   |   |   | 21 |   |   |   | 17 |   |
|  Actuarial      loss        |   |                | 3      |   |   |   | 28 |   |   |   | 2 |   |   |   | 24 |   |
| Net benefit      cost            |   | $                   | 685    |   |   | $ | 658 |   |   | $ | 343 |   |   | $ | 343 |   |

----

|                                         |   | (in      thousands) |   |
|----------------------------------------------|--------|---------------------|--------|
|                                         |   | Six      Months     |   |   | Three      Months |   |
|                                         |   | Ended June      30, |   |   | Ended June      30, |   |
|                                         |   | 2009                |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                         |   |                |   |   |   |   |   |   |   |   |   |   |
| Net      income                              |   | $                   | 15,112 |   |   | $ | 21,752 |   |   | $ | 7,793 |   |   | $ | 11,609 |   |
| Foreign      currency translation            |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  adjustments                            |   |                | 5,344  |   |   |   | 255 |   |   |   | 5,251 |   |   |   | 51 |   |
| Unrecognized      components of              |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  employee      benefit plans            |   |                | 939    |   |   |   | 312 |   |   |   | 481 |   |   |   | 162 |   |
| Unrealized      holding gains on             |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  marketable      securities             |   |                | 209    |   |   |   | 272 |   |   |   | 255 |   |   |   | 192 |   |
| Change in the      fair value                |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  of      derivatives (cash flow hedges) |   |                | 702    |   |   |   | (634 | ) |   |   | (584 | ) |   |   | 407 |   |
| Comprehensive      income                    |   | $                   | 22,306 |   |   | $ | 21,957 |   |   | $ | 13,196 |   |   | $ | 12,421 |   |

----

----

----

|                                                          |   | (in      thousands) |   |
|---------------------------------------------------------------|--------|---------------------|--------|
|                                                          |   | Level 1             |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
| Investments                                                   |   |                |   |   |   |   |   |   |   |   |   |   |
| Other      noncurrent assets                                  |   | $                   | 2,150  |   |   | $ | - |   |   | $ | - |   |   | $ | 2,150 |   |
| Foreign      currency exchange (sales and purchase) contracts |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other current      assets                                     |   |                | -      |   |   |   | 1,597 |   |   |   | - |   |   |   | 1,597 |   |
| Other      noncurrent assets                                  |   |                | -      |   |   |   | 1,231 |   |   |   | - |   |   |   | 1,231 |   |
| Other current      liabilities                                |   |                | -      |   |   |   | 1,451 |   |   |   | - |   |   |   | 1,451 |   |
| Other      noncurrent liabilities                             |   |                | -      |   |   |   | 1,023 |   |   |   | - |   |   |   | 1,023 |   |

|                                               |   | (in      thousands) |    |
|----------------------------------------------------|--------|---------------------|---------|
|                                               |   | Six      Months     |    |   | Three      Months |   |
|                                               |   | Ended June      30, |    |   | Ended June      30, |   |
|                                               |   | 2009                |    |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                               |   |                |    |   |   |   |   |   |   |   |   |   |
| Net      Sales:                                    |   |                |    |   |   |   |   |   |   |   |   |   |
|  Forged      and Cast Rolls                   |   | $                   | 102,628 |   |   | $ | 142,994 |   |   | $ | 45,205 |   |   | $ | 73,509 |   |
|  Air and      Liquid Processing               |   |                | 58,106  |   |   |   | 57,525 |   |   |   | 29,774 |   |   |   | 29,180 |   |
|   Total      Reportable Segments         |   | $                   | 160,734 |   |   | $ | 200,519 |   |   | $ | 74,979 |   |   | $ | 102,689 |   |
|                                               |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before      Income Taxes:                   |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Forged      and Cast Rolls                   |   | $                   | 25,001  |   |   | $ | 31,592 |   |   | $ | 11,044 |   |   | $ | 16,705 |   |
|  Air and      Liquid Processing               |   |                | 6,367   |   |   |   | 5,376 |   |   |   | 4,146 |   |   |   | 2,790 |   |
|   Total      Reportable Segments         |   |                | 31,368  |   |   |   | 36,968 |   |   |   | 15,190 |   |   |   | 19,495 |   |
|   Other      expense, including          |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|    corporate      costs – net |   |                | (7,385  | ) |   |   | (3,645 | ) |   |   | (2,984 | ) |   |   | (1,579 | ) |
|                                               |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Total                                        |   | $                   | 23,983  |   |   | $ | 33,323 |   |   | $ | 12,206 |   |   | $ | 17,916 |   |
|                                               |   |                |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Approximate      open claims at end of period            |   |   | 9,415  |   |   |   | (1     | )      |
|----------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
| Gross      settlement and defense costs (in 000’s) |   | $      | 14,782 |   |
| Approximate      claims settled or dismissed             |   |   | 552    |   |
|                                                     |   |   |   |   |   |   |   |   |

|   | (1)      Included as “open claims” are approximately 3,231 claims classified in      various jurisdictions as “inactive” or transferred to a state or federal      judicial panel on multi-district litigation, commonly referred to as the      MDL. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| §   | HR&A’s      interpretation of a widely accepted forecast of the population likely to      have been exposed to asbestos; |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------|

| §   | epidemiological      studies estimating the number of people likely to develop asbestos-related      diseases; |
|--------------------|----------------------------------------------------------------------------------------------------------------|

| §   | HR&A’s      analysis of the number of people likely to file an asbestos-related injury      claim against the subsidiaries and the Corporation based on such      epidemiological data and relevant claims history from January 1, 2006 to      September 30, 2008; |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | an analysis      of pending cases, by type of injury claimed and jurisdiction where the      claim is filed; |
|--------------------|--------------------------------------------------------------------------------------------------------------|

| §   | an analysis      of claims resolution history from January 1, 2006 to September 30, 2008 to      determine the average settlement value of claims, by type of injury      claimed and jurisdiction of filing;and |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| §   | an adjustment      for inflation in the future average settlement value of claims, at an      annual inflation rate based on the Congressional Budget Office’s ten year      forecast of inflation. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| ITEM 2 - MANAGEMENT'S      DISCUSSION AND ANALYSIS OF |
|-------------------------------------------------------|

| FINANCIAL CONDITION      AND RESULTS OF OPERATIONS |
|----------------------------------------------------|

----

----

----

| ITEM 3 – QUANTITATIVE      AND QUALITATIVE DISCLOSURES ABOUT MARKET  RISK |
|---------------------------------------------------------------------------------|

| ITEM 4 – CONTROLS AND      PROCEDURES |
|---------------------------------------------|

| - 22      - |
|-------------|

----

|   | PART II - OTHER      INFORMATION |
|--------|----------------------------------|

|   | On April 29,      2009 at the Annual Meeting of Shareholders, the following individuals were      elected directors of the Corporation by the following    votes: |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Articles of      Incorporation |
|--------|-----|--------------------------------|

|   | (b) | By-laws |
|--------|-----|---------|

----

|   | (a) | 1988      Supplemental Executive RetirementPlan |
|--------|-----|-------------------------------------------------|

|   | Incorporated      by reference to the Annual Report on Form 10-K for the year ended December      31, 2008. |
|--------|-------------------------------------------------------------------------------------------------------------|

|   | (b) | Severance      Agreements between Ampco-Pittsburgh Corporation and certain officers and      employees of Ampco-PittsburghCorporation |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | Incorporated      by reference to the Annual Report on Form 10-K for the year ended December      31, 2008. |
|--------|-------------------------------------------------------------------------------------------------------------|

|   | (c) | 2008 Omnibus      Incentive Plan |
|--------|-----|----------------------------------|

|   | Incorporated      by reference to the Proxy Statementdated |
|--------|------------------------------------------------------------|

|   | March 6,      2008. |
|--------|---------------------|

|   | (d) | Retirement      and Consulting Agreement between Ampco-Pittsburgh Corporation and Ernest      G. Siddons dated April 30, 2009. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

|   | Incorporated      by reference to the Quarterly Reports on Form 10-Q for the quarter ended      March 31, 2009. |
|--------|-----------------------------------------------------------------------------------------------------------------|

|  (31.1) | Certification      of the principal executive officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
|--------------|----------------------------------------------------------------------------------------------------------------------|
|         |                                                                                                                 |
| (31.2)       | Certification      of the principal financial officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |

| (32.1) | Certification      of principal executive officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 |
|--------|------------------------------------------------------------------------------------------------------------------|

| (32.2) | Certification      of principal financial officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 |
|--------|------------------------------------------------------------------------------------------------------------------|

----

|                                 |                                                                     |
|--------------------------------------|--------------------------------------------------------------------------|
|                                 | AMPCO-PITTSBURGH      CORPORATION                                        |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |
| DATE:  August 7,      2009 | BY:  s/Robert A.      Paul       |
|                                 | Robert A.      Paul                                                      |
|                                 | Chairman      and                                                        |
|                                 |   Chief      Executive Officer                                 |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |
| DATE:  August 7,      2009 | BY:  s/Marliss D.      Johnson                                 |
|                                 | Marliss D.      Johnson                                                  |
|                                 | Vice      President                                                      |
|                                 |   Controller      and Treasurer                                |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |
|                                 |                                                                     |

----

|    |   |                                                                                                             |
|---------|--------|------------------------------------------------------------------------------------------------------------------|
| Exhibit | (31.1) | Certification      of principal executive officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
|    |   |                                                                                                             |
|    | (31.2) | Certification      of principal financial officer pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
|    |   |                                                                                                             |
|    | (32.1) | Certification      of principal executive officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 |
|    |   |                                                                                                             |
|    | (32.2) | Certification      of principal financial officer pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 |
|    |   |                                                                                                             |