16 January 2014 14:38 [Source: ICIS news]
HOUSTON (ICIS)--Alcoa plans to permanently close the remaining two potlines at its Massena East smelter site in New York to help improve its cost position, the US-based aluminium major said in a statement late on Wednesday.
The closure, in the first quarter, will reduce Alcoa’s smelting capacity by 84,000 tonnes/year. One of the site's three potlines was already permanently closed in August 2013.
Once the Massena East closure is complete, Alcoa will have a total smelting operating capacity of 3.95m tonnes/year, with about 655,000 tonnes/year of idle capacity, it said.
Including the closure of the remaining two potlines at Massena East, Alcoa has announced closures or curtailments representing 361,000 tonnes/year of capacity since May 2013, it added.
Bob Wilt, president of Alcoa Global Primary Products, said: "We are taking decisive action to close the remaining potlines, given they are no longer competitive."
"We continue to reshape our commodity business to ensure it is positioned for long-term success," he added.
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