Alcoa detailed a series of specific actions to conserve cash, reduce costs and strengthen the Company's competitiveness during the current economic downturn. Building on the Company's commitment from October, these actions address addi-tional production curtailments, cost and procurement efficiencies, portfolio streamlining and reduetion of capital expenditures and other liquidity en-hancements. Further smelting reduc-tions of more than 135,000 t/a will be implemented resulting in reduetion of total primary aluminum output by more than 750,000 t/a, or 18 percent of an-nualized Output. Alumina produetion will also be reduced accordingly across the global refining System to a total of 1.5 mill, t/a in response to market condi-tions. Curtailments will be fully implemented by the end of the first quarter 2009.
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