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Rio Tinto May Sell French Aluminum Factory, Les Echos Reports
Edited by : AL CIRCLE
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Jean de Maurienne, France, Les Echos reported, citing an announcement the company made to workers at the plant.
The plant, which employs 600 people, received a very competitive offer of electricity supplies from Electricite de France SA, the newspaper reported. Still, the site’s production costs are too high because of logistical expenses, Les Echos said.
Rio Tinto is seeking to sell the site or find a partner, the newspaper said. Arnaud Montebourg, a Socialist deputy, threatened the company with “expropriation” of the plant if it’s closed, Les Echos said.
The plant, which employs 600 people, received a very competitive offer of electricity supplies from Electricite de France SA, the newspaper reported. Still, the site’s production costs are too high because of logistical expenses, Les Echos said.
Rio Tinto is seeking to sell the site or find a partner, the newspaper said. Arnaud Montebourg, a Socialist deputy, threatened the company with “expropriation” of the plant if it’s closed, Les Echos said.
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