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Alcoa Offers Six-month Extension To Galician Plants

Alcoa offers six-month extension to Galician plants

Alcoa Offers Six-month Extension To Galician Plants

Avilés, Spain (PortSEurope) January 10, 2019 – U.S. aluminium producer Alcoa has offered to turn off the electrolysis series at its plants in A Coruña and Avilés, so that parts of the plants could be reactivated if alternative investors could be found.

Both Alcao sites face multiple challenges in the current economic environment, and last October the company announced plans to close both facilities.

However, the offer is not enough for the government delegate in Galicia, Javier Losada, who accused Alcoa of not working in the search for solutions.

In October last year, Alcoa announced plans to close plants in both locations. Including indirect employment, this could effect 3,000 jobs. The Spanish government has called on the company to explore options to keep some production at the sites.

Alcoa accounted for 43% of the total traffic of Ferrol port in 2018, or 5.85 million tonnes of the 13.68 million tonnes handled by the harbour.

Alcoa Corporation is a leading global producer of bauxite, aluminium and aluminium products with corporate headquarters in Pittsburgh, Pennsylvania.

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