----

| Part I -      Financial Information:                 | Page      No. |
|-----------------------------------------------------------|---------------|
|                                                      |          |   |   |
|                                                      | Item 1      - | Financial      Statements |   |
|                                                      |          |   |   |
|                                                      |          | Condensed      Consolidated Balance Sheets – September 30,      2009 and December 31, 2008 | 3 |
|                                                      |          |   |   |
|                                                      |          | Condensed      Consolidated Statements of Operations – Nine and      Three Months Ended September 30, 2009 and 2008 | 4 |
|                                                      |          |   |   |
|                                                      |          | Condensed      Consolidated Statements of Cash Flows – Nine Months      Ended September 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 | 16 |
|                                                      |          |   |   |
|                                                      | Item 3      - | Quantitative      and Qualitative Disclosures About Market Risk | 18 |
|                                                      |          |   |   |
|                                                      | Item 4      - | Controls and      Procedures | 19 |
|                                                      |          |   |   |
|   Part II –      Other Information:  |          |

|   | Item 1      -      | Legal      Proceedings | 20     |
|--------|--------------------|------------------------|--------|
|   |               |                   |   |
|   | Item 1A      -     | Risk      Factors      | 20     |
|   |               |                   |   |
|   | Item 6      -      | Exhibits               | 20     |
|   |               |                   |   |
|   | Signatures         |                   | 22     |
|   |               |                   |   |
|   | Exhibit      Index |                   | 23     |
|   |               |                   |   |
|   | Exhibits           |                   |   |
|   |               |                   |   |
|   |               | Exhibit      31.1      |   |
|   |               | Exhibit      31.2      |   |
|   |               | Exhibit      32.1      |   |
|   |               | Exhibit      32.2      |   |
|   |               |                   |   |

----

|                                                        |   | September      30, |        |   | December      31, |   |
|-------------------------------------------------------------|--------|--------------------|-------------|--------|-------------------|--------|
|                                                        |   | 2009               |        |   | 2008              |   |
| Assets                                                      |   |               |        |   |              |   |
| Current      assets:                                        |   |               |        |   |              |   |
| Cash and cash      equivalents                              |   | $                  | 82,990,045  |   |              | $      | 81,606,793 |   |
| Receivables,      less allowance for doubtful accounts      |   |               |        |   |              |   |   |   |
|  of      $483,770 in 2009 and $211,021 in 2008         |   |               | 42,572,297  |   |              |   | 53,763,444 |   |
| Inventories                                                 |   |               | 64,581,439  |   |              |   | 62,634,464 |   |
| Insurance      receivable – asbestos                  |   |               | 22,000,000  |   |              |   | 14,000,000 |   |
| Other current      assets                                   |   |               | 17,345,968  |   |              |   | 16,885,616 |   |
| Total current      assets                                   |   |               | 229,489,749 |   |              |   | 228,890,317 |   |
|                                                        |   |               |        |   |              |   |   |   |
| Property,      plant and equipment, net                     |   |               | 110,750,264 |   |              |   | 86,733,317 |   |
| Insurance      receivable - asbestos                        |   |               | 97,655,088  |   |              |   | 122,175,929 |   |
| Investments      in joint ventures                          |   |               | 14,898,916  |   |              |   | 6,536,412 |   |
| Deferred tax      assets                                    |   |               | 29,736,541  |   |              |   | 35,156,434 |   |
| Goodwill                                                    |   |               | 2,694,240   |   |              |   | 2,694,240 |   |
| Other      noncurrent assets                                |   |               | 5,554,009   |   |              |   | 6,794,839 |   |
|                                                        |   | $                  | 490,778,807 |   |              | $      | 488,981,488 |   |
| Liabilities      and Shareholders' Equity                   |   |               |        |   |              |   |   |   |
| Current      liabilities:                                   |   |               |        |   |              |   |   |   |
| Accounts      payable                                       |   | $                  | 22,142,804  |   |              | $      | 16,906,407 |   |
| Accrued      payrolls and employee benefits                 |   |               | 11,596,225  |   |              |   | 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                              |   |               | 22,588,507  |   |              |   | 27,164,050 |   |
| Total current      liabilities                              |   |               | 101,638,536 |   |              |   | 88,212,969 |   |
| Employee      benefit obligations                           |   |               | 61,841,863  |   |              |   | 65,091,656 |   |
| Asbestos      liability                                     |   |               | 151,435,090 |   |              |   | 187,014,436 |   |
| Other      noncurrent liabilities                           |   |               | 4,041,010   |   |              |   | 3,675,138 |   |
| Total      liabilities                                      |   |               | 318,956,499 |   |              |   | 343,994,199 |   |
|                                                        |   |               |        |   |              |   |   |   |
| Commitments      and contingent liabilities (Note 6)        |   |               |        |   |              |   |   |   |
|                                                        |   |               |        |   |              |   |   |   |
| Shareholders'      equity:                                  |   |               |        |   |              |   |   |   |
| Common stock      - par value $1; authorized                |   |               |        |   |              |   |   |   |
|  20,000,000      shares; issued and outstanding        |   |               |        |   |              |   |   |   |
|  10,219,995      shares in 2009 and 10,177,497 in 2008 |   |               | 10,219,995  |   |              |   | 10,177,497 |   |
| Additional      paid-in capital                             |   |               | 115,585,573 |   |              |   | 113,471,496 |   |
| Retained      earnings                                      |   |               | 114,799,573 |   |              |   | 96,480,472 |   |
| Accumulated      other comprehensive loss                   |   |               | (68,782,833 | )      |              |   | (75,142,176 | ) |
| Total      shareholders' equity                             |   |               | 171,822,308 |   |              |   | 144,987,289 |   |
|                                                        |   | $                  | 490,778,807 |   |              | $      | 488,981,488 |   |
|                                                        |   |               |        |   |              |   |   |   |

----

|                                                   |   | Nine Months Ended      September 30, |        |   | Three Months Ended      September 30, |
|--------------------------------------------------------|--------|-------------------------------------------|-------------|--------|--------------------------------------------|
|                                                   |   |                                      | 2009   |   |                                       |   | 2008  |   |   |   |   | 2009  |   |   |   | 2008  |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      sales                                         |   | $                                         | 232,694,981 |   |                                       | $ | 306,425,474 |   |   |   | $ | 71,961,129 |   |   | $ | 105,906,219 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Operating      costs and expenses:                     |   |                                      |        |   |                                       |   |   |   |   |   |
|  Costs      of products sold                      |   |                                      |        |   |                                       |   |   |   |   |   |
| (excluding      depreciation)                          |   |                                      | 157,498,251 |   |                                       |   | 218,592,931 |   |   |   |   | 47,504,103 |   |   |   | 76,160,867 |   |
|  Selling      and administrative                  |   |                                      | 30,693,639  |   |                                       |   | 32,364,008 |   |   |   |   | 9,875,768 |   |   |   | 11,432,512 |   |
|  Depreciation                                     |   |                                      | 5,493,962   |   |                                       |   | 5,427,038 |   |   |   |   | 1,868,158 |   |   |   | 1,758,635 |   |
|  Gain on      disposition of assets               |   |                                      | -           |   |                                       |   | (92,559 | ) |   |   |   | - |   |   |   | (8,291 | ) |
|   Total      operating expenses              |   |                                      | 193,685,852 |   |                                       |   | 256,291,418 |   |   |   |   | 59,248,029 |   |   |   | 89,343,723 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Income from      operations                            |   |                                      | 39,009,129  |   |                                       |   | 50,134,056 |   |   |   |   | 12,713,100 |   |   |   | 16,562,496 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Other income      (expense):                           |   |                                      |        |   |                                       |   |   |   |   |   |
| Investment-related      income                         |   |                                      | 1,009,636   |   |                                       |   | 1,419,350 |   |   |   |   | 862,821 |   |   |   | 224,309 |   |
| Interest      expense                                  |   |                                      | (197,373    | )      |                                       |   | (369,770 | ) |   |   |   | (50,520 | ) |   |   | (121,911 | ) |
| Other –      net                                 |   |                                      | (1,747,743  | )      |                                       |   | (429,697 | ) |   |   |   | 565,478 |   |   |   |  765,754 |   |
|                                                   |   |                                      | (935,480    | )      |                                       |   | 619,883 |   |   |   |   | 1,377,779 |   |   |   |  868,152 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Income before      income taxes                        |   |                                      | 38,073,649  |   |                                       |   | 50,753,939 |   |   |   |   | 14,090,879 |   |   |   | 17,430,648 |   |
| Income tax      provision                              |   |                                      | 14,247,000  |   |                                       |   | 17,028,000 |   |   |   |   | 5,376,000 |   |   |   |  5,457,000 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Net      income                                        |   | $                                         | 23,826,649  |   |                                       | $ | 33,725,939 |   |   |   | $ | 8,714,879 |   |   | $ | 11,973,648 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Net income      per common share:                      |   |                                      |        |   |                                       |   |   |   |   |   |
|   Basic                                      |   | $                                         | 2.34        |   |                                       | $ | 3.31 |   |   |   | $ | 0.85 |   |   | $ | 1.18 |   |
|   Diluted                                    |   | $                                         | 2.34        |   |                                       | $ | 3.31 |   |   |   | $ | 0.85 |   |   | $ | 1.18 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Cash      dividends declared  per      share |   | $                                         | 0.54        |   |                                       | $ | 0.54 |   |   |   | $ | 0.18 |   |   | $ | 0.18 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |
| Weighted      average number of                        |   |                                      |        |   |                                       |   |   |   |   |   |
|  common      shares outstanding:                  |   |                                      |        |   |                                       |   |   |   |   |   |
|   Basic                                      |   |                                      | 10,189,008  |   |                                       |   | 10,177,497 |   |   |   |   | 10,204,997 |   |   |   | 10,177,497 |   |
|   Diluted                                    |   |                                      | 10,193,350  |   |                                       |   | 10,179,769 |   |   |   |   | 10,205,633 |   |   |   | 10,179,735 |   |
|                                                   |   |                                      |        |   |                                       |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                            |   | Nine Months      Ended September 30, |                      |
|---------------------------------------------------------------------------------|--------|--------------------------------------|---------------------------|
|                                                                            |   | 2009                                 |                      |   | 2008 |   |
|                                                                            |   |                                 |                      |   |   |   |
| Net cash      flows provided by operating activities                            |   | $                                    | 44,248,761                |   |   | $ | 34,403,823 |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Cash flows      from investing activities:                                      |   |                                 |                      |   |   |   |   |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Purchases of      property, plant and equipment                                 |   |                                 | (28,348,659               | ) |   |   | (16,703,433 | ) |
| Purchases of      short-term marketable securities                              |   |                                 | -                         |   |   |   | (68,168,522 | ) |
| Sales of      short-term marketable securities                                  |   |                                 | -                         |   |   |   | 15,000,000 |   |
| Investment in      Chinese joint venture                                        |   |                                 | (8,820,000                | ) |   |   | (2,940,000 | ) |
| Collateral      for outstanding foreign currency exchange contracts (Note    8) |   |                                 | (4,326,000                | ) |   |   | - |   |
| Return of      collateral for outstanding foreign currency exchange             |   |                                 |                      |   |   |   |   |   |
|   contracts      (Note 8)                                             |   |                                 | 2,163,000                 |   |   |   | - |   |
| Purchases of      long-term marketable securities                               |   |                                 | (780,339                  | ) |   |   | (785,209 | ) |
| Sales of      long-term marketable securities                                   |   |                                 | 689,104                   |   |   |   | 667,325 |   |
| Other                                                                           |   |                                 | 1,850                     |   |   |   | 106,632 |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Net cash      flows used in investing activities                                |   |                                 | (39,421,044               | ) |   |   | (72,823,207 | ) |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Cash flows      from financing activities:                                      |   |                                 |                      |   |   |   |   |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Dividends      paid                                                             |   |                                 | (5,499,898                | ) |   |   | (5,190,524 | ) |
| Proceeds from      the issuance of common stock                                 |   |                                 | 568,198                   |   |   |   | - |   |
| Excess tax      benefits from the exercise of stock options                     |   |                                 | 163,059                   |   |   |   | - |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Net cash      flows used in financing activities                                |   |                                 | (4,768,641                | ) |   |   | (5,190,524 | ) |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Effect of      exchange rate changes on cash and cash equivalents               |   |                                 | 1,324,176                 |   |   |   | (1,401,337 | ) |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Net increase      (decrease) in cash and cash equivalents                       |   |                                 | 1,383,252                 |   |   |   | (45,011,245 | ) |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Cash and cash      equivalents at beginning of period                           |   |                                 | 81,606,793                |   |   |   | 71,626,379 |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Cash and cash      equivalents at end of period                                 |   | $                                    | 82,990,045                |   |   | $ | 26,615,134 |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Supplemental      information:                                                  |   |                                 |                      |   |   |   |   |   |
|  Income      tax payments                                                  |   | $                                    |  9,164,398           |   |   | $ |  9,978,896 |   |
|  Interest      payments                                                    |   | $                                    |   208,549       |   |   | $ |  373,221 |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |
| Non-cash      investing activities:                                             |   |                                 |                      |   |   |   |   |   |
|  Purchases      of property, plant and equipment                           |   |                                 |                      |   |   |   |   |   |
|   included      in accounts payable                                   |   | $                                    |   2,397,033     |   |   | $ |        1,377,432 |   |
|  Appreciation      of short-term marketable securities                     |   | $                                    |     - |   |   | $ |  668,973 |   |
|                                                                            |   |                                 |                      |   |   |   |   |   |

----

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

----

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

|                |   | (in      thousands) |   |
|---------------------|--------|---------------------|--------|
|                |   | September      30,  |   |   | December      31, |   |
|                |   | 2009                |   |   |   2008 |   |
|                |   |                |   |   |   |   |
| Raw      materials  |   | $                   | 13,521 |   |   | $ | 12,761 |   |
| Work-in-process     |   |                | 24,452 |   |   |   | 28,385 |   |
| Finished      goods |   |                | 15,965 |   |   |   | 12,817 |   |
| Supplies            |   |                | 10,643 |   |   |   | 8,671 |   |
|                |   | $                   | 64,581 |   |   | $ | 62,634 |   |

----

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

|                            |   | (in      thousands) |     |
|---------------------------------|--------|---------------------|----------|
|                            |   | September      30,  |     |   | December      31, |   |
|                            |   |    2009   |     |   |    2008 |   |
|                            |   |                |     |   |   |   |
| Land and land      improvements |   | $                   | 4,750    |   |   | $ | 4,749 |   |
| Buildings                       |   |                | 31,324   |   |   |   | 31,227 |   |
| Machinery and      equipment    |   |                | 147,922  |   |   |   | 146,146 |   |
| Construction-in-progress        |   |                | 42,923   |   |   |   | 14,945 |   |
| Other                           |   |                | 7,222    |   |   |   | 7,425 |   |
|                            |   |                | 234,141  |   |   |   | 204,492 |   |
| Accumulated      depreciation   |   |                | (123,391 | ) |   |   | (117,759 | ) |
|                            |   | $                   | 110,750  |   |   | $ | 86,733 |   |

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

|    Other current liabilities      were comprised of the following: |
|------------------------------------------------------------------------------|

|                                     |   | (in      thousands) |   |
|------------------------------------------|--------|---------------------|--------|
|                                     |   | September      30,  |   |   | December      31, |   |
|                                     |   | 2009                |   |   |   2008 |   |
|                                     |   |                |   |   |   |   |
| Customer-related      liabilities        |   | $                   | 8,680  |   |   | $ | 9,512 |   |
| Foreign      currency exchange contracts |   |                | 2,789  |   |   |   | 6,887 |   |
| Accrued sales      commissions           |   |                | 2,077  |   |   |   | 2,853 |   |
| Accrued      income taxes payable        |   |                | 2,219  |   |   |   | 1,164 |   |
| Dividend      payable                    |   |                | 1,840  |   |   |   | 1,832 |   |
| Other                                    |   |                | 4,984  |   |   |   | 4,916 |   |
|                                     |   | $                   | 22,589 |   |   | $ | 27,164 |   |

|                                                 |   | (in      thousands)      |   |
|------------------------------------------------------|--------|--------------------------|--------|
|                                                 |   | Nine      Months         |   |   | Three      Months |   |
|                                                 |   | Ended      September 30, |   |   | Ended      September 30, |   |
|                                                 |   | 2009                     |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                 |   |                     |   |   |   |   |   |   |   |   |   |   |
| Balance at      beginning of the period              |   | $                        | 4,724  |   |   | $ | 6,156 |   |   | $ | 5,153 |   |   | $ | 5,768 |   |
| Satisfaction      of warranty claims                 |   |                     | (1,199 | ) |   |   | (3,150 | ) |   |   | (448 | ) |   |   | (1,195 | ) |
| Provision for      warranty claims                   |   |                     | 1,416  |   |   |   | 2,490 |   |   |   | 527 |   |   |   | 919 |   |
| Other,      primarily impact from changes in foreign |   |                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  currency      exchange rates                   |   |                     | 223    |   |   |   | (333 | ) |   |   | (68 | ) |   |   | (329 | ) |
| Balance at      end of the period                    |   | $                        | 5,164  |   |   | $ | 5,163 |   |   | $ | 5,164 |   |   | $ | 5,163 |   |

----

|                                                        |
|--------------------------------------------------------|
|                                                   |   | (in      thousands) |   |
|                                                   |   | 2009 |   |   |    2008 |   |
|                                                   |   |   |   |   |   |   |
| U.S. pension      benefits plans                       |   | $ | 5,000 |   |   | $ | - |   |
| U.K. pension      benefits plan                        |   | $ | 1,058 |   |   | $ | 1,352 |   |
| Other      postretirement benefits (e.g. net payments) |   | $ | 438 |   |   | $ | 439 |   |
| U.K. defined      contribution plan                    |   | $ | 200 |   |   | $ | 382 |   |
|                                                   |   |   |   |   |   |   |   |   |

|                                       |   |             (in      thousands) |   |
|--------------------------------------------|--------|---------------------------------------------------------------------------------------------|--------|
|                                       |   | Nine      Months                                                                            |   |   | Three      Months |   |
|                                       |   | Ended      September 30,                                                                    |   |   | Ended      September 30, |   |
| U.S. Pension Benefits                      |   | 2009                                                                                        |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                       |   |                                                                                        |   |   |   |   |   |   |   |   |   |   |
| Service      cost                          |   | $                                                                                           | 2,099  |   |   | $ | 1,978 |   |   | $ | 674 |   |   | $ | 634 |   |
| Interest      cost                         |   |                                                                                        | 6,302  |   |   |   | 5,949 |   |   |   | 2,186 |   |   |   | 1,989 |   |
| Expected      return on plan assets        |   |                                                                                        | (7,696 | ) |   |   | (8,403 | ) |   |   | (2,651 | ) |   |   | (2,798 | ) |
| Amortization      of prior service cost    |   |                                                                                        | 545    |   |   |   | 488 |   |   |   | 228 |   |   |   | 164 |   |
| Amortization      of actuarial loss (gain) |   |                                                                                        | 1,415  |   |   |   | (98 | ) |   |   | 552 |   |   |   | (33 | ) |
| Net benefit      cost (income)             |   | $                                                                                           | 2,665  |   |   | $ | (86 | ) |   | $ | 989 |   |   | $ | (44 | ) |

| Foreign Pension Benefits            |   |   |   |   |   |   |   |   |   |   |   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest      cost                  |   | $      | 1,717  |   |   | $      | 1,944  |   |   | $      | 649    |   |   | $ | 624 |   |
| Expected      return on plan assets |   |   | (1,094 | )      |   |   | (2,061 | )      |   |   | (414   | )      |   |   | (661 | ) |
| Amortization      of actuarial loss |   |   | 342    |   |   |   | 230    |   |   |   | 130    |   |   |   | 73 |   |
| Net benefit      cost               |   | $      | 965    |   |   | $      | 113    |   |   | $      | 365    |   |   | $ | 36 |   |

| Other Postretirement    Benefits        |   |   |   |   |   |   |   |   |   |   |   |   |
|-----------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Service      cost                       |   | $      | 317    |   |   | $      | 304    |   |   | $      | 98     |   |   | $ | 101 |   |
| Interest      cost                      |   |   | 609    |   |   |   | 589    |   |   |   | 189    |   |   |   | 196 |   |
| Amortization      of prior service cost |   |   | 65     |   |   |   | 51     |   |   |   | 22     |   |   |   | 17 |   |
| Amortization      of actuarial loss     |   |   | 7      |   |   |   | 42     |   |   |   | 4      |   |   |   | 14 |   |
| Net benefit      cost                   |   | $      | 998    |   |   | $      | 986    |   |   | $      | 313    |   |   | $ | 328 |   |

----

|                                                                                        |   | (in      thousands)      |      |
|---------------------------------------------------------------------------------------------|--------|--------------------------|-----------|
|                                                                                        |   | Nine      Months         |      |   | Three      Months |   |
|                                                                                        |   | Ended      September 30, |      |   | Ended      September 30, |   |
|                                                                                        |   | 2009                     |      |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                                                        |   |                     |      |   |   |   |   |   |   |   |   |   |
| Net      income                                                                             |   | $                        | 23,827    |   |   | $ | 33,726 |   |   | $ | 8,715 |   |   | $ | 11,974 |   |
| Foreign      currency translation adjustments                                               |   |                     | 4,045     |   |   |   | (5,143 | ) |   |   | (1,299 | ) |   |   | (5,398 | ) |
| Unrecognized      components of employee  benefit      plans                      |   |                     | 1,522     |   |   |   | 452 |   |   |   | 583 |   |   |   | 140 |   |
| Unrealized      holding gains (losses) on marketable  securities                  |   |                     | 425       |   |   |   | 209 |   |   |   | 216 |   |   |   | (63 | ) |
| Change in the      fair value of derivatives (cash      flow    hedges) |   |                     |  367 |   |   |   |  1,971 |   |   |   | (335 | ) |   |   |  2,605 |   |
| Comprehensive      income                                                                   |   | $                        | 30,186    |   |   | $ | 31,215 |   |   | $ | 7,880 |   |   | $ | 9,258 |   |

----

----

|                                                                                            |   | (in      thousands) |   |
|-------------------------------------------------------------------------------------------------|--------|---------------------|--------|
|                                                                                            |   | Level 1             |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
| Investments                                                                                     |   |                |   |   |   |   |   |   |   |   |   |   |
| Other      noncurrent assets                                                                    |   | $                   | 2,479  |   |   | $ | - |   |   | $ | - |   |   | $ | 2,479 |   |
| Foreign      currency exchange (sales and      purchase)     contracts |   |                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other current      assets                                                                       |   |                | -      |   |   |   | 2,803 |   |   |   | - |   |   |   | 2,803 |   |
| Other      noncurrent assets                                                                    |   |                | -      |   |   |   | 874 |   |   |   | - |   |   |   | 874 |   |
| Other current      liabilities                                                                  |   |                | -      |   |   |   | 2,789 |   |   |   | - |   |   |   | 2,789 |   |
| Other      noncurrent liabilities                                                               |   |                | -      |   |   |   | 1,167 |   |   |   | - |   |   |   | 1,167 |   |

|                                                      |   | (in      thousands)      |    |
|-----------------------------------------------------------|--------|--------------------------|---------|
|                                                      |   | Nine      Months         |    |   | Three      Months |   |
|                                                      |   | Ended      September 30, |    |   | Ended      September 30, |   |
|                                                      |   | 2009                     |    |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                                      |   |                     |    |   |   |   |   |   |   |   |   |   |
| Net      Sales:                                           |   |                     |    |   |   |   |   |   |   |   |   |   |
|  Forged      and Cast Rolls                          |   | $                        | 147,394 |   |   | $ | 223,053 |   |   | $ | 44,766 |   |   | $ | 80,059 |   |
|  Air and      Liquid Processing                      |   |                     | 85,301  |   |   |   | 83,372 |   |   |   | 27,195 |   |   |   | 25,847 |   |
|   Total      Reportable Segments                |   | $                        | 232,695 |   |   | $ | 306,425 |   |   | $ | 71,961 |   |   | $ | 105,906 |   |
|                                                      |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Income before      Income Taxes:                          |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|  Forged      and Cast Rolls                          |   | $                        | 35,938  |   |   | $ | 49,426 |   |   | $ | 10,937 |   |   | $ | 17,834 |   |
|  Air and      Liquid Processing                      |   |                     | 10,586  |   |   |   | 7,286 |   |   |   | 4,219 |   |   |   | 1,910 |   |
|   Total      Reportable Segments                |   |                     | 46,524  |   |   |   | 56,712 |   |   |   | 15,156 |   |   |   | 19,744 |   |
|   Other      expense, including corporate costs |   |                     | (8,450  | ) |   |   | (5,958 | ) |   |   | (1,065 | ) |   |   | (2,313 | ) |
|                                                      |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
|   Total                                         |   | $                        | 38,074  |   |   | $ | 50,754 |   |   | $ | 14,091 |   |   | $ | 17,431 |   |
|                                                      |   |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| Approximate      open claims at end of period            |   |   | 8,870  |   |   |   | (1     | )      |
|----------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
| Gross      settlement and defense costs (in 000’s) |   | $      | 21,191 |   |
| Approximate      claims settled or dismissed             |   |   | 1,649  |   |
|                                                     |   |   |   |   |   |   |   |   |

|   | (1)      Included as “open claims” are approximately 2,579 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 |
|---------------------------------------------|

----

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

|   | (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 Statement dated 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:  November 6,      2009 | BY:  s/Robert A.      Paul                         |
|                                   | Robert A.      Paul                                                                                                                                                                  |
|                                   | Chairman and      Chief Executive Officer                                                                                                                                            |
|                                   |                                                                                                                                                                                 |
|                                   |                                                                                                                                                                                 |
|                                   |                                                                                                                                                                                 |
|                                   |                                                                                                                                                                                 |
|                                   |                                                                                                                                                                                 |
| DATE:  November 6,      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 |
|    |   |                                                                                                             |