Century Aluminum Announces Expansion of Sebree Casthouse
November 28 2018 - 4:05PM
Century Aluminum Sebree LLC, a wholly-owned subsidiary of Century
Aluminum Company (NASDAQ: CENX), today announced two new expansion
programs at its Sebree, Ky smelter that will increase the smelter’s
production of both value-added and secondary aluminum. The
programs, which are expected to be completed in the first quarter
of 2019, will improve the smelter’s product mix by adding
approximately 90,000 MT of additional billet production to the
Sebree casthouse and increase the smelter’s overall output by
adding 20,000 MT of additional secondary (scrap reprocessing)
capacity. Sebree is now expected to produce approximately
230,000 MT of aluminum (both primary and secondary) products in
2019, including approximately 175,000 MT of billet.
“These new expansion programs demonstrate our
confidence in the future of the U.S. aluminum industry and the
continued positive effects of the Trump administration’s Section
232 program,” commented Michael A. Bless, President and Chief
Executive Officer. “With the 150,000 MT restart of Century’s
Hawesville smelter nearing completion, we are now able to continue
to reinvest in our plants to increase value-added production and
enter the expanding secondary market. These programs, along
with the previously announced technology improvement program at
Hawesville, should ensure the continued competitiveness of these
plants well into the future.” Mr. Bless continued, “This
expansion is also a testament to the hard work of our excellent
employees and we are proud to announce that, as a result of the
programs, Sebree plans to add nearly 50 new employees.”
Dissemination of Company Information
Century intends to make future announcements regarding Company
developments and financial performance through its website,
www.centuryaluminum.com.
About Century Aluminum
Century Aluminum Company owns primary aluminum capacity in the
United States and Iceland. Century's corporate offices are
located in Chicago, IL. Visit www.centuryaluminum.com for more
information.
Cautionary Statement
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. Forward-looking
statements are statements about future events and are based on our
current expectations. These forward-looking statements may be
identified by the words "believe," "expect," "hope," "target,"
"anticipate," "intend," "plan," "seek," "estimate," "potential,"
"project," "scheduled," "forecast" or words of similar meaning, or
future or conditional verbs such as "will," "would," "should,"
"could," "might," or "may."
Where we express an expectation or belief as to future events or
results, such expectation or belief is expressed in good faith and
believed to have a reasonable basis. However, our
forward-looking statements are based on current expectations and
assumptions that are subject to risks and uncertainties which may
cause actual results to differ materially from future results
expressed, projected or implied by those forward-looking
statements. Given these uncertainties, investors are
cautioned not to place undue reliance on our forward-looking
statements. We undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events, or otherwise.
ContactsPeter Trpkovski(Investors and
media)312-696-3112
Source: Century Aluminum Company
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