Alcoa Further Reduces Production at Two Brazil Smelters.Business Editors PITTSBURGH--(BUSINESS WIRE)--Sept. 4, 2001 Alcoa Alcoa U.S. company, the world's largest producer of aluminum. Established in Pittsburgh, Pa., in 1888, it adopted the name Aluminum Co. of America in 1907. Alcoa introduced aluminum foil in 1910 and found uses for aluminum in the emerging aviation and automobile industries. (NYSE NYSE See: New York Stock Exchange :AA) announced today that it has further reduced aluminum production at its two aluminum smelters in Brazil as part of a nationwide energy rationing rationing, allotment of scarce supplies, usually by governmental decree, to provide equitable distribution. It may be employed also to conserve economic resources and to reinforce price and production controls. effort there. Production at Alcoa's Pocos de Caldas, Brazil aluminum smelter had been cut by 25%, or 22,500 metric tons per year (mtpy) on June 1 and is being further reduced by 25% today. This additional decrease in production at the smelter is prompted by the energy situation in Brazil. Pocos de Caldas had been operating near nameplate capacity of 90,000 mtpy since 1979. Its current capacity is 45,000 mtpy. Production at the Alumar smelter in Sao Luis São Lu·is A city of northeast Brazil on an offshore island in the Atlantic Ocean east-southeast of Belém. It was founded by the French in 1612 and named in honor of Louis XIII. Population: 910,000. in the northern region of Brazil had been cut by 63,000 mtpy on July 1 and is further being reduced by an additional 29,500-mtpy. With this latest reduction, approximately 25% of production at the 370,000-mtpy Alumar smelter has been curtailed. Alcoa Aluminio, Alcoa's Brazilian affiliate, receives 54% of Alumar's output. The net effect of the curtailments at the two smelters will not be material to Alcoa's full year 2001 earnings. Alcoa owns 59% of Alcoa Aluminio S.A. Alcoa's worldwide primary aluminum capacity is 4.1 million mtpy. Alcoa currently has approximately 710,000 mtpy of idled smelting smelting, in metallurgy, any process of melting or fusion, especially to extract a metal from its ore. Smelting processes vary in detail depending on the nature of the ore and the metal involved, but they are typified in the use of the blast furnace. capacity. Note to Editors: The accent symbol under the "c" in the word "Pocos" and the tilde A symbol used in Windows, starting with Windows 95, that maintains a short version of a long file or directory name for compatibility with Windows 3.1 and DOS. For example, the short version of a file named "Letter to Joe" would be LETTER~1. Then "Letter to Pat" becomes LETTER~2. above the "a" in the word "Sao" were omitted for transmission purposes. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion