Alcoa announced it has reached agreement to acquire the minority interests in its Intalco and Eastalco aluminum smelters in Ferndale, Wash., and Frederick, Md.
Affiliates of both Mitsui & Co. Ltd. and YKK Corporation will sell their combined 39 percent stake in the two smelters, which will result in Alcoa having sole ownership of the two facilities. The transaction should be complete this month.
The Intalco smelter is a 278,000 metric ton per year facility and operates at about one-third its capacity.
The 195,000 metric ton per year Eastalco smelter was temporarily idled this past December because it could not secure a competitively priced long-term power arrangement.
Latest from Recycling Today
- Foodservice Packaging Institute opens applications for 2026 foam recycling grant program
- Worn Again Technologies unveils Accelerator plant to advance polycotton recycling
- Nashville Waste Services launches new digital route system
- Arconic expands in Iowa
- Cascades invests $6.9M in recycled boxboard plant
- Ocean freight interruptions poised to continue
- Danieli to supply shredder to Australian company
- Equipment from the former Alton Steel to be auctioned
