Jan. 3, 2018
 
Alcoa Closing Two Smelters

Alcoa intends to permanently close its Rockdale Operations smelting site in Texas, which has been fully curtailed since the end of 2008. The site includes a primary aluminum smelter and casthouse, an aluminum powder plant, and associated buildings and equipment.

Alcoa’s strategic review of these assets, announced earlier this year, concluded that these operations have limited economic prospects. Separately, the company continues to market for sale more than 30,000 acres of land at the Rockdale site.

The company will also divest the Portovesme primary aluminum smelter in Italy. Activity at the facility has been curtailed since 2012.

“We continuously evaluate our portfolio of global assets against many factors to optimize value,” says President and CEO Roy Harvey. “Achieving a resolution on these two assets further streamlines our company as we continue to execute against our strategic priorities.”


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Wednesday, January 17, 2018