labels: aluminium, restructuring
Alcoa to shut one, sell two soft-alloy extrusion plants to Golden Aluminum news
29 August 2007

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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Alcoa to shut one, sell two soft-alloy extrusion plants to Golden Aluminum