Alcoa Corp is to permanently shut down its Rockdale Operations site in the United States, which has been fully curtailed since the end of 2008. The company is also selling its Portovesme smelter in Italy, which has been closed since 2014, to Invitalia, the Italian government agency that manages economic development.
The moves come as part of plans to reduce the complexity of its global operations and to strengthen its balance sheet. We continuously evaluate our portfolio of global assets against many factors to optimize value, said president and chief executive officer Roy Harvey. Achieving a resolution on these two assets further streamlines our Company as we continue to execute against our strategic priorities.