Novelis to shut Aratu aluminum smelter in Brazil
Dec 06, 2010 | 01:24 PM
Novelis Inc. will shut its 60,000-tonne-per-year, loss-making primary aluminum smelter in Aratu, Brazil, by Dec. 31 due to high operating costs and a lack of competitively priced energy supply.
The plant's small scale, outdated technology and logistical factors also impair its operating efficiency, Atlanta-based Novelis said.
"We made significant efforts to improve performance at the smelter, including restructuring the work force, installing new plant leadership and adjusting production levels," Alexandre Almeida, senior vice president and president of Novelis South America, said in a statement. "Unfortunately, we could not achieve profitability for the plant."
The smelter, located in the country's northeastern state of Bahia, supplies Novelis' Pindamonhangaba's hot mill in São Paulo state, according to Novelis' Web site.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.