Alcoa Delays Quebec Smelter Construction and 2 Other Dow Movers to Watch

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Alcoa (NYSE:AA): Current price $8.72

Alcoa said that it will push back the construction of a potline at its Baie-Comeau smelter in Quebec, as part of a revised modernization timetable. It will begin readying for the upgrade through the investment of $100 million during the next three years, as well as permanently shutting the plant’s two Soderberg potlines. Thus, the new potline that was initially set to become operational by 2016, is now expected to be online by 2019. The $100-million investment for the smelter includes $30 million to upgrade the facility’s casthouse in support of the growing automotive market.

NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW!

AA

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business