Saudi smelter project is on track and budget: Kleinfeld

Jul 09, 2013 | 03:53 PM | Michael Cowden

Tags  Alcoa, Klaus Kleinfeld, Ma'aden smelter, new capacity, aluminum smelter, rolling mill, bauxite mine, sheet aluminum

CHICAGO — Alcoa Inc.’s joint venture with Saudi Arabian Mining Co. (Ma’aden) is on track, on budget and about 80 percent completed, according to Alcoa’s top executive.

The Ma’aden smelter began operations in December 2012 and should be "fully online" by the end of 2013, Alcoa chairman and chief executive officer Klaus Kleinfeld said during an earnings call July 8.....

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