Alcoa Inc. might sell its
Bécancour, Québec, rod mill, as well as its
Fjardaál rod mill in Reyðarfjörður,
Iceland, a company spokeswoman told AMM Sept.
"Alcoa is conducting a
review of a portion of its rod mill business ... to determine
the best strategic options for the company, including a
possible divestiture," she said.
continue as normal during the review, she said, noting that
both rod mills are located close to associated smelters.
rod mill, near the St. Lawrence River, opened in 1992 and cost
$49 million to build, according to the Pittsburgh-based
aluminum producers website. The facility makes pure
aluminum or aluminum alloy rod for the electric cable sector,
magnetic wire manufacturers and steel mills.
rod plant sources molten metal from Alcoas majority-owned
Aluminerie de Bécancour Inc., sports a fully automated
rolling mill and continuous casting capability, and is capable
of making 12.5 tonnes of rod per hour.
Further details about
the Fjardaál rod mill werent immediately
News of the possible
divestiture of the rod mills followed Alcoas confirmation
to AMM Sept. 25 that it was mulling sales of two
rolling mills in Spain and one in France as part of a strategic
amm.com, Sept. 25).