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Alcoa Adjusts Production Capacity at Two U.S. Smelters
PITTSBURGH--(BUSINESS WIRE)--April 15, 2002--Alcoa Inc. (NYSE:AA)
announced today the following production adjustments at two of its
U.S. operating locations to balance and optimize primary metal output:
Delay indefinitely the planned restart of line 1 at its
Warrick County, Ind. facility. That line has a capacity of
41,000 metric tons per year (mtpy);
Gradually restart two lines of idle capacity at the Ferndale,
Wash. (Intalco) smelter over the course of the year. The
restart will result in 95,000 mtpy of production this year, of
which 58,000 (or 61%) is Alcoa's share.
The net result of these changes is a slight (less than 1%)
increase to Alcoa's worldwide aluminum production. The company will
continue to review potential adjustments as market conditions warrant.
The Warrick facility had been gradually restarting capacity since
a power outage interrupted production last December. It currently is
operating at approximately 85% of its 310,000-mtpy capacity and had
been expected to return to full capacity during this quarter. No
layoffs have occurred and none are anticipated.
The Ferndale smelter has been idle since May 2001 as part of an
agreement with the Bonneville Power Administration (BPA). Under terms
of that agreement, BPA power was sold back to the agency to help meet
regional energy needs.
"Through these actions, we're able to restart lower-cost capacity
while maintaining approximately the same overall production level
required for our business during 2002," said Al Renken, president of
Alcoa Primary Metals. "These actions demonstrate and reinforce Alcoa's
commitment to effectively manage its assets during challenging
economic conditions. Preparations for the Ferndale restart are
underway, and we anticipate energizing one line in early May."
Once these actions are completed, Alcoa will have approximately
575,000 mtpy of idled capacity at the end of 2002 on a base primary
aluminum capacity of 4.1 million mtpy.