Alcoa selling mill in $670 million dealDecember 8, 2020
By The Associated Press
NEWBURGH — Alcoa Corp. has reached an agreement to sell a large part of its aluminum manufacturing operations along the Ohio River in southwestern Indiana.
The Pittsburgh-based company announced this past week it would sell the Warrick Operations rolling mill to Kaiser Aluminum Corp. in a $670 million deal.
Nearly 1,200 people working at the rolling mill will become Kaiser employees under the deal, which is expected to become final in March, Alcoa Warrick spokeswoman Kari Fluegel told the Evansville Courier & Press.
No immediate significant changes to the mill’s operations by California-based Kaiser are expected, Fluegel said.
Alcoa opened the rolling mill in 1964 at the Warrick County location about 10 miles east of Evansville. The company said the sale was part of a decision to raise money by selling non-core assets.
Alcoa said it would continue to operate its aluminum smelter and coal-fired power plant at the site, which together have about 650 workers.
The company closed the smelter in 2016 citing low aluminum prices, but decided to partially reopened it the following year.
More on DuboisCountyHerald.com
In just one week, Ryan Menke of Holland will be swimming across the Hudson River.
Out of all eight Indiana State Police posts built when ISP was formed in the 1930s, the Jasper...
Habitat for Humanity of Dubois County announced the selection of the Armstrong family to partner...
Recently, I had to contend with an epic battle between good and evil: To doughnut or not to...
The Dubois County 4-H Fair ran July 12-16 at the Dubois County 4-H Fairgrounds in Bretzville....
Josie Brown contemplated while her horse, Scotty, took a break to chew on some grass. The two...
Indiana Department of Transportation workers have several projects underway in the area.