International Inc. expects its fire-damaged plant in Richmond,
Va., to be "fully operational in the next few days," chairman
and chief executive officer Steven J. Demetriou said during a
conference call May 9.
The Richmond facility has been
"working through work-in-process inventory" and receiving metal
from other Aleris rolling mills to keep up with customer
shipments, Demetriou said.
Production at the Richmond
facility was impaired after a fire broke out in a tower that
houses the rolling mills furnace, Demetriou said.
"Fortunately there was limited damage," he said.
The Cleveland-based company
expects its adjusted earnings before interest, taxes,
depreciation, and amortization (Ebitda) to be "significantly
higher" in the second quarter of 2013 vs. the first quarter but
still lower than in the year-ago period, Demetriou said. "This
expectation takes into account any impact that may result from
the temporary outage" at Richmond, he said.
A fire broke out at the Richmond
plant in a tower involved in aluminum production on April 24
amm.com, April 25). A second fire hit the facility
on May 3 as workers were cleaning up from the previous blaze
amm.com, May 3).
The Richmond facility produces 3025 aluminum sheet from
recycled material, which is then used to make products such as
gutters, downspouts and aluminum siding.