Alcoa to Close Mt Vernon, KY Packaging Plant.PITTSBURGH -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) announced today that it will close its Reynolds Food Packaging plastics manufacturing plant in Mt Vernon, Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. by the middle of this year. The plant closing, which impacts 115 people, will align align ( v to move the teeth into their proper positions to conform to the line of occlusion. production systems in the company's food-packaging business to better serve customer needs. This action is part of Alcoa's overall restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and re-positioning of downstream From the provider to the customer. Downloading files and Web pages from the Internet is the downstream side. The upstream is from the customer to the provider (requesting a Web page, sending e-mail, etc.). operations in order to improve returns, announced in the fourth quarter of 2006. "The decision to close the plant will not impact Reynolds position in the marketplace nor will it affect our ability to serve current customers with the complete line of DelPak and other Food Packaging products," said Bill Coad, President of Reynolds Food Packaging. The Mt Vernon, KY plant produces thermoformed and injection molded mold 1 n. 1. A hollow form or matrix for shaping a fluid or plastic substance. 2. A frame or model around or on which something is formed or shaped. 3. Something that is made in or shaped on a mold. plastic trays and containers, primarily used in the bakery, deli and foodservice market segments. "The decision to close this plant was very difficult," said Ray Newton, Reynolds Food Packaging Director of Thermoforming Operations. "Despite the outstanding efforts of our workforce, the costs and demands of the market simply cannot support this facility. This action will better position Reynolds Food Packaging in the marketplace and allow for future growth." Production will continue through April until certain lines are transferred to other packaging facilities. A transition plan is being developed. About Alcoa 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 alumina (əl `mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0. 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 closures, fastening systems, precision castings, and
electrical distribution systems for cars and trucks. The company has
123,000 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
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