
US aluminium giant Alcoa is looking at selling its sole plant in France and two production sites in Spain, the head of the French facility said Monday. "Alcoa has decided to put up for sale its factory in France and two plants in Spain," the director of the plant in the southern French town of Castelsarrasin, Franck Listuzzi, told AFP, confirming a report in a local newspaper. "The three plants are interlinked and constitute a single system," he added. The factories in Amorebieta and Alicante in Spain produce material for Castelsarrasin to turn into polished aluminium. Alcoa said in a statement that "to determine which path to follow and the means to optimise activity at Amorebieta, Alicante and Castelsarrasin, we are exploring several options, including selling the three plants." The Amorebieta site, near Bilbao, employs 401 staff while 294 work at the Alicante facility. The Castelsarrasin plant has 41 permanent employees and a dozen short-term staff. Listuzzi said the decision to seek to sell the plants was made due to strategic investment decisions and came as a surprise to staff. Nevertheless, "Alcoa executives say that if at the end of the process that they don't find a buyer they are committed to continue to operate these sites which are profitable," said Listuzzi. Alcoa said it was convinced the sites had potential, but given funding constraints it was exploring if they would be more valuable to another owner.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor