Alcoa to idle Fusina smelter to keep other units operating
May 12, 2010 | 09:24 AM
| Anne Riley
Alcoa Inc. is temporarily stopping output at its 45,000-tonne-per-year smelter in Fusina, Italy, as part of a plan to keep the company's other facilities in the country operating.
The Fusina shutdown "will have to be implemented at the soonest to avoid the substantial losses suffered each production day," the Pittsburgh-based company said in a letter to employees. Earlier this year, Alcoa said the Fusina and Portovesme smelters together lose some 8 million euros ($10.1 million) a month without a favorable energy tariff from the government.
Portovesme and the Fusina rolling mill are not slated for shutdown, with the company even pledging some 60 million euros ($75.9 million) toward investments and upgrades there.....
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