Alcoa Corporation Provides Update to Partial Restart of Aluminum Smelter at Warrick Operations

Date : 05/28/2018 @ 9:00AM
Source : Business Wire
Stock : Alcoa Corp. (AA)
Quote : 35.94  0.0 (0.00%) @ 4:00AM

Alcoa Corporation Provides Update to Partial Restart of Aluminum Smelter at Warrick Operations

Alcoa (NYSE:AA)
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Alcoa Corporation (NYSE:AA) announced that as a result of a temporary power outage at the Warrick Operations smelter near Evansville, Ind., it has shut down one of the three potlines that are part of the Warrick aluminum smelter restart. The decision was made with a focus on safety and to protect the assets.

Alcoa is assessing the effects of this event, including the timing of the overall restart, and will provide an update as more information is available.

The annual capacity of the affected potline is approximately 50,000 metric tons.

Dissemination of Company Information

Alcoa intends to make future announcements regarding Company developments and financial performance through its website, www.alcoa.com.

About Alcoa Corporation

Alcoa is a global industry leader in bauxite, alumina, and aluminum products and is built on a foundation of strong values and operating excellence dating back nearly 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate.

Forward-Looking Statements

This press release contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “intends,” “may,” “outlook,” “plans,” “projects,” “seeks,” “sees,” “should,” “targets,” “will,” “would,” or other words of similar meaning. All statements that reflect Alcoa’s expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in our filings with the Securities and Exchange Commission. Alcoa disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.

Alcoa CorporationInvestor:James Dwyer, +1 412-992-5450James.Dwyer@alcoa.comorMedia:Monica Orbe, +1 412-315-2896Monica.Orbe@alcoa.com

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