Rusal’s struggling smelters to produce finished goods

Sep 30, 2013 | 10:54 AM | Jethro Wookey

Tags  UC Rusal, aluminum, Vnesheconombank, aluminum production, Jethro Wookey

LONDON — United Co. Rusal (UC Rusal) will convert its loss-making Russian aluminum smelters to the production of vehicle components, as well as rolled and cable products, it said Sept. 30.

To fund the transformation, the Moscow-based aluminum producer has signed a memorandum of intent with Russian state-owned development bank Vnesheconombank (VEB).....

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