INTERMET CORPORATION
5445 Corporate Drive
Troy, MI 48098-2683
Tel: 248-952-2500
Fax: 248-952-2501
                                                                    EXHIBIT 99.1

                                                NEWS RELEASE

                                                For IMMEDIATE Release
                                                Contact: Mike Kelly
                                                INTERMET Corporation
                                                248-952-2500


INTERMET ANNOUNCES PLANS TO CLOSE RADFORD FOUNDRY

OBSOLESCENCE A FACTOR IN COMPANY'S DECISION TO CLOSE ITS LAST SHELL-MOLDING
PLANT

TROY, Mich., May 29, 2003 -- Citing changes in market conditions and production
technology, as well as a substantial investment necessary for continued
operation, INTERMET Corporation (Nasdaq: INMT) announced today that it intends
to close its Radford Foundry in Radford, Virginia, before the end of this year,
with a target date of September 30, 2003.

The facility currently employs 374 people, including hourly and salaried staff,
and manufactures gray-iron and ductile-iron castings for the automotive
industry. The New River Foundry, located next door to the Radford Foundry, is
not affected by this decision.

"We regret the effect that this difficult, but necessary, decision will have on
our employees at the Radford Foundry," said Gary Ruff, President and Chief
Operating Officer of INTERMET. "However, for INTERMET, as a whole, to remain
competitive in an extremely challenging industry environment, we must take this
type of action relative to unprofitable operations. Through the first four
months of this year, the plant has recorded a pre-tax loss of $1.0 million."

The Radford Foundry has seen a steady erosion of sales over the past several
years due to a decline in demand for cast-metal automotive components using the
shell-molding process. As a result, the plant is currently operating at less
than 50-percent capacity.

Shell molding is a casting process that requires higher energy, material and
labor costs when compared with other INTERMET high-volume casting technologies.
The Radford Foundry is the only INTERMET facility using shell molding to
manufacture cast-metal components. The company also noted that the costs
necessary to modernize the plant, including substantial investments in new
pollution-control technology, would have further negatively impacted operating
results at the plant.


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INTERMET Corporation
May 29, 2003
Page 2


The Radford Foundry has current annual sales of about $37 million. INTERMET is
working with customers in an effort to consolidate a portion of the foundry's
products into other INTERMET foundries. If these efforts are successful,
INTERMET believes that up to 30 percent of the Radford Foundry's current volume
could be produced using different processes at other company iron-casting
facilities.

"Alternatives to closing the plant were thoroughly explored during recent
months," said Todd Heavin, Vice President of INTERMET's Ferrous Metals
operations. "This decision does not reflect on the employees of this plant. We
will work with the appropriate agencies to assist our workers and help prepare
them for alternative employment."

Company officials are meeting today with plant employees and representatives of
United Steelworkers of America Local 2969 and the International Association of
Machinists and Aerospace Workers Lodge 10 to discuss the closure plans. Local
officials of the city of Radford also were notified today of plans to close the
foundry.

INTERMET expects to record a pre-tax charge of approximately $12 to $14 million,
which includes $9 to $10 million of non-cash charges, in the second quarter of
this year as a result of the plant closing.

With headquarters in Troy, Michigan, INTERMET Corporation is a manufacturer of
powertrain, chassis/suspension and structural components for the automotive
industry. INTERMET's strategy is to be the world's leading supplier of
cast-metal automotive components. The company has approximately 6,000 employees
at facilities located in North America and Europe. More information is available
on the Internet at www.intermet.com.

This news release includes forecasts and forward-looking statements about the
effects of the closure of INTERMET's Radford Foundry, including the anticipated
costs associated with the closure and the ability of INTERMET to transfer work
to other foundries. These forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from those expressed, including the decisions of INTERMET's customers
concerning the future of work currently being performed at the Radford Foundry.
These and other risks and uncertainties are detailed as a preface to the
Management's Discussion and Analysis of Financial Condition in the company's
2002 Annual Report for the year ended December 31, 2002.

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