Alcan Inc. announced it is closing down production at one of two cold mills at its Fairmont, West Virginia plant, a producer of light gauge aluminum sheet and foil used in the transportation, container and industrial markets.
"Global over-capacity has made light gauge sheet and foil a very competitive market," stated Martha Brooks, pPresident of Alcan Aluminum Corp. "This decision will better balance our capacity to the market opportunities. Furthermore, it is consistent with Alcan's ongoing efforts to invest our resources in the most attractive products and markets."
Alcan will idle the cold mill by the end of first quarter of next year.Get curated news on YOUR industry.
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