NEW YORK Alcoa Inc. has decided to curtail its Auburn, Ind., plant next year due to weak market conditions, a company spokeswoman told AMM.
"Alcoa will lay off employees at its Auburn, Ind., plant and curtail the facility by the end of March," the spokeswoman said in an e-mailed statement Wednesday. "This was a difficult decision made necessary by market conditions."
The plant, which is part of Alcoas wheel and transportation products division, produces auto components and extrusions, according to the Pittsburgh-based companys website.
"Customer orders will be met by other Alcoa facilities," the spokeswoman added.
Cutting costs has been cited as a priority for Alcoa as weak aluminum prices combined with high energy costs have put pressure on producers in recent years (amm.com, Oct. 10).
Three-month aluminum traded at $2,092.50 in the officials on the London Metal Exchange Wednesday, down from $2,104.50 per tonne Tuesday.
There are 43 employees at the plant that will be affected by the layoffs.
"We recognize how deeply this impacts them, and we are working to support them through this transition process," the spokeswoman said.