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PITTSBURGH--January 19, 2000--
Alcoa announced today that it will restart approximately 200,000 metric
tons per year (mtpy) of its currently idled aluminum smelting capacity.
Alcoa plans to bring this capacity into production over the course of
the year and to have the full 200,000 mtpy in production by year end.
Alcoa will have approximately 250,000 mtpy of aluminum smelting capacity
that remains idle following this restart.
The capacity to be restarted is located at smelters that are currently
in production in Australia and the United States. Due to the company's
continuing implementation of the Alcoa Production System, Alcoa expects
minimal, if any, increase in employment because of the capacity restart.
The company noted that the alumina for the restarted capacity will be
sourced by Alcoa World Alumina's supply network.
President and CEO Alain Belda said that "Alcoa is taking this action due
to continued strong demand in the U.S. and in other parts of the world."
He added that the company will continue to review market conditions
under which additional idle capacity can be returned to production.
According to Mr. Belda, "Alcoa's ability to produce primary aluminum
profitably at lower costs is being significantly enhanced by the rapid
deployment of our Alcoa Production System."
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