Power rate hikes may alter Aleris plans
Oct 18, 2013 | 03:20 PM
| Michael Cowden
CHICAGO Aleris International Inc. might not make a potential investment at its Lewisport, Ky., facility if it cannot secure a better power rate from Big Rivers Electric Corp., according to a letter from the aluminum companys top executive to Kentucky Gov. Steven Beshear.
Possible investment would be spurred by insufficient capacity in the downstream aluminum industry to meet expected demand in North America, according to the Oct. 10 letter signed by Aleris chairman and chief executive officer Steven J. Demetriou and obtained by AMM. The supply deficit is particularly acute in the aerospace and automotive sectors, where producers are looking to slash weight with aluminum to boost fuel economy, and as building and construction activity rebounds.....
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