Alcoa Corp

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Products, Expansion, Other Pre-Announcement

Alcoa Plans Restart Of Aluminum Smelting Capacity At Alumar In Brazil

Published: 09/20/2021 20:47 GMT
Alcoa Corp (AA) - Alcoa Plans Restart of Aluminum Smelting Capacity at Alumar in Brazil.
Alcoa Corp - Plans to Restart 268,000 Metric Tons per Year (mtpy) of Aluminum Capacity at Alumar Smelter in SÃo LuÍs, Brazil.
Alcoa Corp - Process to Restart Idle Capacity Will Begin Immediately.
Alcoa Corp - by 2024, Alumar Smelter Will Be Powered With 100 Percent Renewable Energy.
Alcoa - Alumar Smelter Restart to Involve Hiring of More Than 750 Employees, to Add to 850 Direct Employees at Site's Co-located Alumina Refinery.
Alcoa Corp - Cost of Restart is Anticipated to Be About $75 Million, Including Approximately $10 Million in Capital Expenses.
Alcoa - Restart Expenses Expected to Be Incurred in Q4 2021 Estimated to Be Between $15 Million & $20 Million Pre-tax Or $0.05 and $0.07 per Share.