Alcoa Plans Restart of Aluminum Smelting Capacity at Alumar in Brazil
20 Setembro 2021 - 5:10PM
Business Wire
Alcoa Corporation announced today that it plans to restart
268,000 metric tons per year (mtpy) of aluminum capacity at the
Alumar smelter in São Luís, Brazil, which has been fully curtailed
since 2015.
The process to restart the idle capacity will begin immediately.
The first molten metal is expected in the second quarter of 2022,
and the full 268,000 mtpy of capacity is expected to be operational
in the fourth quarter of 2022. By 2024, the Alumar smelter will be
powered with 100 percent renewable energy.
“Our restart decision is based on an analysis that shows the
smelter can be competitive throughout all cycles, leveraging the
co-located refinery, a strong workforce, and competitive, renewable
power arrangements,” said John Slaven, Executive Vice President and
Chief Operating Officer. “With this planned restart, we’ll be able
to build upon the strong capabilities at this site and capture
benefits for our investors, customers, employees and the
stakeholders in the state of Maranhão in Brazil.”
The smelter is jointly owned by a subsidiary of Alcoa and
South32 and has three potlines with a total operating capacity of
447,000 metric tons, which includes Alcoa’s share of 268,000 metric
tons. Alcoa Alumínio, a wholly owned subsidiary of Alcoa
Corporation, owns 60 percent of the smelting and casting capacity;
South32 holds the remaining 40 percent.
Otavio Carvalheira, Vice President of Operations and Alcoa’s
President in Brazil, said: “We are excited about the work ahead to
safely and effectively restart the Alumar smelter, and we
appreciate the collaboration from our government and community
stakeholders as we begin this important, months-long process to
build upon Alcoa’s leadership and further improve our global
competitiveness.”
The Alumar smelter restart will involve the hiring of more than
750 employees and will add to the 850 direct employees at the
site’s co-located alumina refinery.
The cost of the restart is anticipated to be approximately $75
million, including approximately $10 million in capital expenses.
Restart expenses expected to be incurred in the fourth quarter of
2021 are estimated to be between $15 million and $20 million
pre-tax ($10 million and $13 million after-tax), or $0.05 and $0.07
per share. With this planned restart, Alcoa will have approximately
80 percent of its 2.99 million metric tons of global aluminum
smelting capacity operating.
About Alcoa Corporation
Alcoa (NYSE: AA) is a global industry leader in bauxite,
alumina, and aluminum products, and is built on a foundation of
strong values and operating excellence dating back 135 years to the
world-changing discovery that made aluminum an affordable and vital
part of modern life. Since developing the aluminum industry, and
throughout our history, our talented Alcoans have followed on with
breakthrough innovations and best practices that have led to
efficiency, safety, sustainability, and stronger communities
wherever we operate.
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Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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