Year





Printer Friendly Version
go





In addition to www.alcoa.com, Alcoa is an active participant in and uses social media to communicate information about the company. Facebook, Twitter, YouTube and LinkedIn are powerful tools that allow us to connect with our customers, investors, potential employees and fans.

Alcoa on FacebookAlcoa on Facebook
Alcoa on LinkedInAlcoa on LinkedIn
Alcoa on TwitterAlcoa on Twitter
AlcoaTV on YoutubeAlcoaTV on Youtube

June 13, 2007

Alcoa Restarts Tennessee Smelter Ahead of Schedule; Curtails Potline at Rockdale

PITTSBURGH--Alcoa today announced that it has begun to re-start one line at its Tennessee Operations aluminum smelter. As previously announced, that line was idled due to a direct lightning strike in a severe electrical storm in mid-April. The potline, which produces approximately 107,000 metric tons per year (mtpy), is expected to be fully operational by June 30, 2007.

The potline was completely “frozen” after the lightning strike and each of the 164 pots had to be dug out and repaired. It was initially expected that the re-start would take several months; it has been accomplished in approximately seven weeks thanks to the hard work of the employees in Tennessee.

The company has also reduced output at its Rockdale, Texas, aluminum smelter during refurbishment of the anode baking facilities. A line has been temporarily curtailed due to lower production of quality anodes. A refurbished bake furnace has now been started, anode quality has been restored, and pots are being restarted. This re-start will be completed during the fourth quarter of 2007.

The previously disclosed impact of the production curtailments has been updated to approximately $45 million in after-tax income in the second quarter.

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 including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets Alcoa® wheels, fastening systems, precision and investment castings, structures and building systems. The company has 122,000 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

Forward Looking Statement

Certain statements in this release relate to future events and expectations and as such constitute forward-looking statements. Forward-looking statements may be identified by their use of words like “anticipates,”“believes,”“estimates,”“expects,”“hopes,”“targets,”“should,”“will,”“will likely result,”“forecast,”“outlook,”“projects” or other words of similar meaning. Such forward-looking information includes, without limitation, the statements as to the impact of the primary aluminum production curtailments on Alcoa’s financial results and the dates by which the re-started potlines are expected to be fully operational. Such forward-looking statements are subject to numerous assumptions, uncertainties and risks that may cause actual results, performance or achievements of Alcoa to be different from those expressed or implied in the forward-looking statements. Such risks and uncertainties include, without limitation, Alcoa’s ability to successfully re-start the affected pots; the timing of the completion of the re-starts; the anticipated costs of the potline re-starts and business interruption; general business and economic conditions; the supply and demand for, and the prices and price volatility of, primary aluminum, fabricated aluminum, and alumina; the absence of other unexpected events that may increase Alcoa’s cost of doing business or disrupt Alcoa’s operations; and the other risk factors summarized in Alcoa's Form 10-K for the year ended December 31, 2006, Quarterly Report on Form 10-Q for the quarter ended March 31, 2007, and other reports filed with the Securities and Exchange Commission.