Alcoa appreciates the actions the Trump Administration has taken
Alcoa Corporation (NYSE:AA) today announced plans to restart three of five potlines at its Warrick Operations aluminum smelter near Evansville, Ind., an action that will further improve the competitiveness of the on-site rolling mill. The smelter at Warrick closed in March of 2016. Two of the five smelting potlines will be classified as curtailed capacity and will remain idle. After this partial restart, Alcoa will have approximately 886,000 metric tons idled of its total smelting capacity of 3.4 million metric tons.
The federal, state and local governments have all been supportive of the restart plan. Alcoa appreciates the actions the Trump Administration has taken to address the challenges faced by the U.S. aluminum industry, including Chinese overcapacity. As Warrick Operations restarts aluminum production, Alcoa is confident the Administration will continue to be attentive to the industry’s needs.
Carl Chapman, Vectren Chairman, President and CEO said: “Restarting the operations of the smelter is a significant economic development win, and we were pleased to play an important role in helping make this a reality.”