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ALCOA UNIT CONSOLIDATES OPERATIONS

 ALCOA UNIT CONSOLIDATES OPERATIONS
 PITTSBURGH, Nov. 12 /PRNewswire/ -- Stolle Corporation, a wholly


owned Alcoa (NYSE: AA) subsidiary based in Sidney, Ohio, yesterday announced the consolidation of operations at its plant in South Bend, Ind., into those at its plant in Princeville, Ill. The South Bend plant manufactures vinyl siding and accessories for the new home, remodeling and manufactured housing industries. The consolidation will allow Stolle to improve its competitiveness and the utilization of its manufacturing capacity.
 Approximately 250 employees at the South Bend plant will be affected by the consolidation that is to occur in the first quarter of 1993. Some 100 jobs will be added at the Princeville plant as a result of the action.
 The consolidation will result in an after-tax charge of approximately $30.0 million, or 35 cents common share, in the fourth quarter.
 -0- 11/12/92
 /CONTACT: A.T. Posti of Alcoa, 412-553-4465/
 (AA) CO: Stolle Corporation; Alcoa ST: Ohio, Pennsylvania IN: MNG CST SU:


CD -- PG003 -- 0029 11/12/92 09:06 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 12, 1992
Words:170
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