Century Aluminum Sebree LLC, a wholly-owned subsidiary of Century Aluminum Company (NASDAQ: CENX), has announced that it will continue to operate all of its production lines at its Sebree, Ky. smelter.
The company had previously announced plans to curtail one of its three production lines by December 31, 2015. Sebree's continued operation will help save hundreds of jobs in western Kentucky.
"We are very happy to announce that Sebree will continue to operate," commented Michael Bless, President and CEO. "Sebree's ability to access low-cost market power gives it a competitive advantage over many of the remaining U.S. smelters. Past hard work and cooperation among Kentucky state legislators and regulators, the local utility, and the Company to create this access will now allow the plant to continue to operate despite continued illegal Chinese trade behaviour."
There are approximately 525 employees at Sebree. At full capacity, the plant annually produces approximately 210,000 metric tonnes of aluminium