NEWBURGH, Ind. (AP) — 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. Alcoa said the sale was part of a decision to raise money by selling non-core assets. Alcoa will continue to operate its aluminum smelter and coal-fired power plant at the site, which together have about 650 workers.
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December 06, 2020 at 10:52PM
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Alcoa selling southwestern Indiana mill in $670 million deal - wpta21.com
"selling" - Google News
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