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Alcoa slashing production in Brazil
March 28, 2014 - 23:11 GMT
Pocos de Caldas
Rio Tinto Alcan
Alcoa plans to stop smelting aluminium at its first plant in Brazil and will further cut production at another smelter.
"Across the globe, we are taking measures to curtail
high-cost smelting capacity that is not competitive and reshape
our cost profile," Robert Wilt, president of
Alcoa’s global primary products division, said in
a statement. Alcoa, which cut 34,000 tonnes of annual capacity
at its Pocos de Caldas smelter in Brazil last year, now plans
to idle the last three potlines, which have an annual capacity
of 62,000 tonnes. Alcoa also intends to curtail production
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Euromoney Institutional Investor PLC.
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