Alcoa Announces Plans to Close Elyria, OH Plant.ELYRIA, Ohio “Elyria” redirects here. For the town in Kansas, see Elyria, Kansas. Elyria is a city in the U.S. state of Ohio and the county seat of Lorain CountyGR6. -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) announced today that it will close its KAMA Kama (kä`mə), river, c.1,260 mi (2,030 km) long, E European Russia, the chief left tributary of the Volga. It rises in the foothills of the central Urals and flows N, then E, and then SW past Perm, Sarapul, and Chistopol to join the Volga rigid plastic sheet manufacturing plant in Elyria Ohio in the third quarter of this year in order to align system production with demand. The plant employs 66 people. "The decision to close this plant was very difficult," said Mario Garza, KAMA Global Vice President of Operations. "Despite the best efforts of our work force, the cost structure of the Elyria plant is not competitive in today's global market. This action will position Alcoa KAMA for future growth." The Elyria plant produces plastic sheet for thermoforming into consumer products such as deli trays, clam shells and cookie trays. Hourly employees at the plant are represented by the United Auto Workers The United Auto Workers (UAW), headquartered in Detroit, Michigan, officially the United Automobile, Aerospace & Agricultural Implement Workers of America International Union . Production will continue through September as it is transferred to other Alcoa KAMA facilities. Additionally, some equipment will be relocated within Alcoa. Charges related to the closing are immaterial. About Alcoa Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding Wikipedia is not the place for advertisement or self-advertising. Vinyl siding, first introduced to the exterior cladding market in the late 1950s, is an alternative to aluminum siding, fiber cement siding, and timber siding. , closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been a member of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com |
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