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Alcoa will
sell its two remaining US soft-alloy extrusion facilities in Warren, Ohio and
Plant City, Florida to Golden Aluminum for an undisclosed amount. The
plants in Warren and Plant City extrude aluminium into products used in the building
and construction and commercial transportation markets. The plants employ approximately
130 and 200 people, respectively. The
transaction is expected to be completed by the end of September. Alcoa
also announced that it would close its Tifton, Georgia soft-alloy extrusion facility
by the end of October, 2007. The company was not able to secure a suitable buyer
for the plant, which employs approximately 200 people. Impacted
salaried employees will be offered severance and work assistance programmes. Severance
arrangements for bargaining unit employees will be subject to discussion with
union officials, Alcoa said. Earlier
this year Alcoa contributed nearly all of its soft-alloy extrusion business into
a joint venture, formed in June 2007, with Sapa Group, that was. Alcoa
is the world''s leading producer and manager of primary aluminium, fabricated aluminium
and alumina facilities, and is active in all major aspects of the industry. Alcoa
serves the aerospace, automotive, packaging, building and construction, commercial
transportation and industrial markets. In
addition to aluminum products and components including flat-rolled products, hard
alloy extrusions, and forgings, Alcoa also markets Alcoa wheels, fastening systems,
precision and investment castings, structures and building systems. The
World Economic Forum in Davos, Switzerland, has identified Alcoa as one of the
most sustainable corporations in the world at.
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