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Article: Alcoa completes exchange with Orkla ASA.(Business News)
- Article from:
- Industrial Heating
- Article date:
- May 1, 2009
CopyrightCOPYRIGHT 2009 BNP Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Alcoa completed its exchange of stakes with Orkla ASA for its Elkem Norwegian smelting partnership, which includes aluminum smelters in Lista and Mosjoen as well as one of the world's most modern anode plants in Mosjoen. In return, Orkla received Alcoa's 45% share of the SAPA soft-alloy extrusion profile joint venture. The two smelters and anode facility provide a combined primary production output of 282,000 metric tons per year. The addition of these assets increases Alcoa's ...