Alcoa To Sell Two Soft-Alloy Extrusion Plants; Close One in Tifton, Ga.PITTSBURGH -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) today announced it has agreed to sell its two remaining U.S. soft-alloy extrusion facilities in Warren, Ohio Warren is a city in the U.S. state of Ohio and the county seat of Trumbull CountyGR6. The municipality is located in northeastern Ohio, approximately 14 miles (22 km) northwest of Youngstown and 15 miles (24 km) west of the Pennsylvania state line. and Plant City, Florida Plant City is a city in Hillsborough County, Florida, approximately midway between Brandon and Lakeland along Interstate 4. The population was 29,915 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 30,906 [1]. to Golden Aluminum (www.goldenaluminum.com). Terms of the agreement were not disclosed. The plants in Warren and Plant City extrude extrude /ex·trude/ (ek-strldbomacd´) 1. to force out, or to occupy a position distal to that normally occupied. 2. in dentistry, to occupy a position occlusal to that normally occupied. aluminum into products used in the building and construction and commercial transportation markets. The plants employ approximately 130 and 200 people, respectively. The transaction is expected to be completed by the end of September. Alcoa also announced that it will close its Tifton, Georgia Tifton is a city in Tift County, Georgia, United States. The population was 15,060 at the 2000 census. The city is the county seat of Tift CountyGR6. Geography Tifton is located at (31.463418, -83. soft-alloy extrusion facility by the end of October, 2007. The company was not able to secure a suitable buyer for the plant which employs approximately 200 people. Impacted salaried employees will be offered severance and work assistance programs. Severance arrangements for bargaining unit A bargaining unit in labor relations is a group of employees with a clear and identifiable community of interests who are (under U.S. law) represented by a single labor union in collective bargaining and other dealings with management. employees will be subject to discussion with union officials. Earlier this year Alcoa contributed nearly all of its soft alloy extrusion business into a joint venture with Sapa Group. That joint venture was formed in June, 2007. Alcoa is the world's leading producer and manager of primary aluminum, fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: 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 including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa[R] wheels, fastening systems, precision and investment castings, structures and building systems. The company has 116,000 employees in 44 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion