Alcoa sells rolling mill to Kaiser for $670mln

摘要

Alcoa Corporation will sell its Warrick Operations rolling mill nea Evansville, Indiana, for $670 million - including $587 million in cash - to Kaiser Aluminum, with the transaction expected to close by April 2021, Alcoa said on Monday November 30. Alcoa will continue to operate the smelter - which has capacity of 269,000 tonnes per year - and power plant at the location. The rolling mill has total annual capacity of 310,000 tonnes of lat-rolled aluminium. Once the sale of the rolling mill is complete, Alcoa will enter into an agreement to supply Kaiser Aluminium with primary aluminium.