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| March 1, 2007
Alcoa to Close Mt Vernon, KY Packaging Plant
PITTSBURGH--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it will close its Reynolds Food
Packaging plastics manufacturing plant in Mt Vernon, Kentucky by the
middle of this year. The plant closing, which impacts 115 people, will
align production systems in the company’s
food-packaging business to better serve customer needs. This action is
part of Alcoa’s overall restructuring and
re-positioning of downstream 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
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 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® foils and plastic wraps, Alcoa®
wheels, and Baco® 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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