Global manufacturer of bauxite, alumina and aluminum products Alcoa Corporation recently announced its decision to close its Rockdale Operations facility in Texas, an action that expects a cash outlay of approximately $53 million over the next five years. The site, which has been fully curtailed since the end of 2008, includes a primary aluminum smelter and casthouse, an aluminum powder plant, and associated buildings and equipment.
The closure falls under an option to close or divest of smelting assets in the United States and Italy. In Italy, Alcoa has reached an agreement to divest the Portovesme primary aluminum smelter, fully curtailed since 2012 and closed since 2014, to Invitalia, the Italian government agency that manages economic development.
