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Alcoa Corporation Announces Decisions on Smelting Assets

ALCOA (AA)  More Company Research Source: Business Wire
Last alcoa earnings: 4/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF PITTSBURGH--(BUSINESS WIRE)-- Alcoa Corporation, a global leader in bauxite, alumina and aluminum products, today announced decisions regarding smelting assets in the United States and Italy. The actions support the Company’s strategic priorities to reduce complexity and to strengthen the balance sheet. In the United States, Alcoa intends to permanently close its Rockdale Operations 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. In Italy, Alcoa has reached an agreement to divest the Portovesm [Read more]

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