EXHIBIT 99.1

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

[INTERMET LOGO]
                                                          Exhibit 99.1
                                                          NEWS RELEASE

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


INTERMET TO ACQUIRE REMAINING 50-PERCENT INTEREST IN PORTUGUESE JOINT VENTURE

MOVE STRENGTHENS INTERMET'S POSITION IN EUROPE AS A LEADING PRODUCER OF HIGHLY
ENGINEERED DUCTILE-IRON COMPONENTS

TROY, Mich., June 26, 2003 - INTERMET Corporation (Nasdaq: INMT), one of the
world's leading manufacturers of cast-metal automotive components, and Grupo
Jorge de Mello of Portugal, announced today that the companies have entered into
an agreement for INTERMET to acquire 100 percent of the shares of Fundicao
Nodular, S.A., a Portuguese foundry company also known as PortCast Foundry.
PortCast Foundry expects sales of $35 million in 2003.

After successfully increasing its manufacturing presence in western Europe by
way of its original 50-percent stake in PortCast in May 1998, INTERMET now will
fully integrate PortCast into its European operations. The foundry has been
operated by INTERMET since entering the joint venture and manufactures
ductile-iron castings for automotive OEM and Tier-1 supplier customers,
including Peugeot, TRW Automotive, Continental Teves and Dana. PortCast is
located near Porto, which is Portugal's second-largest city, about 300 Km north
of Lisbon.

The PortCast Foundry features three green-sand molding lines and five melting
furnaces with a total annual capacity of 45,000 tons of ductile-iron castings.

"Automotive components such as ductile-iron brake, suspension and powertrain
castings continue to be a growth area for INTERMET, and PortCast has become a
premier European caster of these types of parts," said Gary F. Ruff, INTERMET's
President and COO. "Over the last five years, PortCast has nearly tripled its
capacity to cast these components. Along with our two state-of-the-art foundries
in Germany, PortCast has helped INTERMET attain a leadership position in Europe
for the production of highly engineered ductile-iron components."

Since INTERMET entered into the joint venture, the foundry has exhibited
significantly improved productivity with the support of both of the
joint-venture partners. In the past two years, the Portuguese plant improved
productivity in its finishing and core manufacturing departments by over 50
percent and 70 percent, respectively, with overall plant productivity showing
more than a 25-percent improvement.

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INTERMET Corporation
June 26, 2003
Page 2

PortCast is registered to the International Organization of Standardization
Technical Specification (ISO/TS 16949) certification, an international
management quality standard that sets strict requirements for the design,
development and production of automotive related products. INTERMET also
announced earlier this year that PortCast Foundry received ISO 14001
certification, an international environmental management system that integrates
business practices with environmental goals to control the impact on ecosystems
while promoting productivity and reduction of waste.

"The PortCast Foundry is a model for INTERMET's iron casting operations
worldwide," said Laurence Vine-Chatterton, President of INTERMET Europe. "We are
very proud of the work our team has done here. This transaction will allow
INTERMET to bring the plant and its products to even more customers under a
`one-brand/one-face' principle. Also, we have designated the PortCast complex as
the Product Feasibility Center and initial production site for INTERMET's new
Blue Sand(TM) aluminum casting process. This, along with acquiring full
ownership of PortCast, will bring significant benefit to INTERMET shareholders.
We expect this transaction to be accretive in 2003."

Under the terms of the agreement, 50 percent of the de Mello interests will be
acquired in July 2003, giving INTERMET a 75-percent ownership position. The
balance of the de Mello interests will be acquired in July 2004.

Grupo Jorge de Mello is the leading group in the Portuguese agro-food industry.
Its divestment of PortCast fits in with a comprehensive strategy of refocusing
on the Group's core business activities.

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 more than 5,500 employees at
facilities located in North America and Europe. More information is available on
the Internet at www.intermet.com.

This news release may include forecasts and forward-looking statements about
INTERMET, its industry, the markets in which it operates, and in particular, the
prospects for INTERMET's European operations. Forward-looking statements and the
achievement of any forecasts or projections are subject to risks, uncertainties
and other factors that could cause actual results to differ materially from
those expressed. Some of these 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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