Alcoa Announces Investment to Boost Production at Mosjøen Smelter in Norway
June 15 2022 - 8:30AM
Business Wire
Alcoa Corporation (NYSE: AA) today announced a $51 million
project to increase the production capacity at its Mosjøen smelter
in Norway by 14,000 metric tons per year (mtpy).
Alcoa’s Mosjøen location currently has a nameplate capacity of
200,000 mtpy, and the investment is expected to increase that
capacity to 214,000 mtpy by the end of 2026.
Amperage to the site’s two potlines will be increased via
improved electrical infrastructure, including the installation of
new high voltage cabling and switching equipment. The planned
investment will also improve the site’s existing anode production
processes.
“We continue to build on our positive history of increasing the
capabilities and output of our existing assets through process
improvements and capital investments,” said John Slaven, Alcoa’s
Executive Vice President and Chief Operations Officer. “Mosjøen is
already a top-performing asset in Alcoa’s global system, and this
investment reflects its operational excellence, the dedication of
our employees, and the strong support from our many customers and
community stakeholders.”
The project positions Mosjøen to continue meeting the needs of
customers who want Alcoa’s high-quality, low-carbon aluminum. The
Mosjøen smelter is fully powered by renewable energy and produces
rolling ingots and foundry alloys, including metal for Alcoa’s
SustanaTM line, which is the most comprehensive offering of
low-carbon products in the aluminum industry.
In that brand family, Mosjøen produces EcoLumTM aluminum, which
offers less than 4.0 metric tons of carbon dioxide equivalent
emissions (scope 1 and 2) from bauxite mining, alumina refining,
and aluminum smelting and casting. It also produces EcoDuraTM
aluminum, which includes at least 50 percent recycled content.
Alcoa also recently announced that its Mosjøen facility is now
operating a state-of-the-art induction furnace that uses renewable
energy to melt and recycle scrap aluminum. In the past three years,
Alcoa Corporation has invested approximately $50 million in
sustaining and return-seeking capital projects at the location.
About Alcoa Corporation
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina
and aluminum products with a vision to reinvent the aluminum
industry for a sustainable future. With a values-based approach
that encompasses integrity, operating excellence, care for people
and courageous leadership, our purpose is to Turn Raw Potential
into Real Progress. Since developing the process that made aluminum
an affordable and vital part of modern life, our talented Alcoans
have developed breakthrough innovations and best practices that
have led to greater efficiency, safety, sustainability and stronger
communities wherever we operate.
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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
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“plans,” “potential,” “projects,” “reach,” “seeks,” “sees,”
“should,” “targets,” “will,” “working,” “would,” or other words of
similar meaning. All statements by Alcoa Corporation that reflect
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 Corporation 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 Alcoa
Corporation’s filings with the Securities and Exchange Commission.
Alcoa Corporation 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.
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Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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