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ELYRIA, Ohio--(BUSINESS WIRE)--May 6, 2005--Alcoa (NYSE:AA) announced today that it will close its KAMA rigid plastic sheet manufacturing plant in Elyria Ohio in the third quarter of this year in order to align system production with demand. The plant employs 66 people.
"The decision to close this plant was very difficult," said Mario Garza, KAMA Global Vice President of Operations. "Despite the best efforts of our work force, the cost structure of the Elyria plant is not competitive in today's global market. This action will position Alcoa KAMA for future growth."
The Elyria plant produces plastic sheet for thermoforming into consumer products such as deli trays, clam shells and cookie trays.
Hourly employees at the plant are represented by the United Auto Workers.
Production will continue through September as it is transferred to other Alcoa KAMA facilities. Additionally, some equipment will be relocated within Alcoa. Charges related to the closing are immaterial.
Alcoa is the world's leading producer and manager of primary aluminum, fabricated 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, 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 vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been a member of the Dow Jones Industrial Average for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com