Adelaidenow
Geelong aluminium smelter under cloud
Edited by : AL CIRCLE
1 min read
ALCOA'S 600 workers a Geelong aluminium smelter face an uncertain future with a new review of the plant.
Alcoa said today it would review the viability of its Point Henry aluminium smelter because higher metal prices, input costs and exchange rates had made it unprofitable.
"Our goal is for Point Henry to continue operating and meet its profitability targets,'' Alcoa of Australia managing director Alan Cransberg said in a statement.
"However one possible outcome of the review is that production at Point Henry may be curtailed.''
The plant employs 600 people.
"I know this is unsettling news that creates uncertainty for our employees and the many people that depend on the smelter for their livelihood,'' Mr Cransberg said.
"We will do all we can to ensure the smelter is competitive.''
Alcoa said today it would review the viability of its Point Henry aluminium smelter because higher metal prices, input costs and exchange rates had made it unprofitable.
"Our goal is for Point Henry to continue operating and meet its profitability targets,'' Alcoa of Australia managing director Alan Cransberg said in a statement.
"However one possible outcome of the review is that production at Point Henry may be curtailed.''
The plant employs 600 people.
"I know this is unsettling news that creates uncertainty for our employees and the many people that depend on the smelter for their livelihood,'' Mr Cransberg said.
"We will do all we can to ensure the smelter is competitive.''
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