Think this will slow truck production?
01-07-2016, 08:10 PM
#1
Senior Member
Thread Starter
Think this will slow truck production?
Alcoa will permanently close its 269,000-metric ton Warrick Operations smelter by the end of the first quarter 2016, the company said in a corporate news release.
The move will affect 600 jobs. A September Courier & Press report listed 1,900 employees at the facility, which sits along Indiana 66 between Newburgh and Yankeetown, Indiana.
The rolling mill and power plant at Warrick Operations will continue to operate.
The company noted that "in 2015, the Midwest transaction aluminum price dropped approximately 30 percent, and the Alumina Price Index fell approximately 40 percent."
http://www.courierpress.com/business...364561891.html
The move will affect 600 jobs. A September Courier & Press report listed 1,900 employees at the facility, which sits along Indiana 66 between Newburgh and Yankeetown, Indiana.
The rolling mill and power plant at Warrick Operations will continue to operate.
The company noted that "in 2015, the Midwest transaction aluminum price dropped approximately 30 percent, and the Alumina Price Index fell approximately 40 percent."
http://www.courierpress.com/business...364561891.html
01-07-2016, 08:36 PM
#3
They are closing it because there is a global glut of commodities, Aluminum included. It's a high cost smelter, so it would be high on the list of candidates for closure. Closing it will in no way limit F150 production.
