In addition, the company and the Government of Suriname have agreed to pursue a transaction for a Government-owned entity to acquire the Suralco operations.
The curtailment and potential transaction are in line with Alcoa’s recent announcement to review upstream capacity for possible curtailment or divestiture and the company’s strategic goal to create a globally competitive commodity business. The curtailment, which represents one digester, is expected to be complete by April 30, 2015.
“Reducing the production of the refinery will assist in extending the life of the operations as we continue to work with the Government of Suriname on the transaction,” said Bob Wilt, President Alcoa Global Primary Products. “We are committed to working with the Government to find the best solution for the Suralco facility.”
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