The aluminum giant is also closing seven additional offices in the U.S., Europe, Iceland and China
Company has been shifting from mining, smelting aluminum to making products for automotive, aerospace industries
Company claims process will create metal sheets that are stronger, more easily shaped than current aluminum
Deal will see Alcoa pay US$2.35 billion in cash, US$500 million in stock to Oak Hill Capital Partners
Once the Massena and Brazil closures and curtailments are complete, Alcoa will have idled 16 per cent of its smelting capacity representing, 646,800 metric tons.
Aluminum giant’s ongoing restructuring is also dipping into revenues
The company said the job cuts will be made through retirements and attrition at the smelter, which currently has about 1,400 employees.
Siemens F-Class turbine which generates enough power to supply the energy needs of a city of 300,000
The Alcoa wheels are the first products in the transportation industry to receive Cradle to Cradle certification.
Alcoa says its materials will be used across virtually all Airbus commercial programs
