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Alcoa to close Rockdale, Texas, smelter

December 21, 2017 -  Alcoa Corp., producer of bauxite, alumina and aluminum products, announced decisions regarding smelting assets in the United States and Italy.

  • In the United States, Alcoa intends to permanently close its Rockdale operations in Texas, which was idled since the end of 2008. The site includes a primary aluminum smelter and casthouse and aluminum powder plant. Alcoa’s strategic review of these assets concluded that these operations have limited economic prospects. .
  • In Italy, Alcoa agreed to divest the Portovesme primary aluminum smelter, idled since 2012 and closed since 2014, to Invitalia, the Italian government agency that manages economic development.

The company will record an estimated charge of $55 million (pre- and after-tax) in the fourth quarter of 2017 associated with the permanent closure of Rockdale. Cash outlays for the Rockdale closure are expected to be approximately $53 million over the next five years, including holding and demolition costs, with approximately $16 million in 2018.

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