UC RUSAL to cut aluminum production by 15% in 2014

18 October 2013 (14:01)

October 18, 2013. UC RUSAL is going to cut its aluminum production by 647,500,000 kg, or 15% in 2014 compared with 2012. In 2013, aluminum production cuts amounted to 324,700,000 kg, or 8% of the 2012 production output, the company reports.

The aluminum production is now zero at Volgograd, Volkhovsky, and Ural smelters, at Novokuznetsk smelter's Site 1, and at Nigeria-based ALSCON. Production was also stopped at Sections 2,3, 4, and 5 of Bogoslovsky smelter (Section 1 was frozen in 2011) and in Sections 1 and 2 of Nadvoitsky smelters (Section 3 was frozen in 2012).

'RUSAL keeps reacting to the current market situation and can consider the possibility of taking extra measures to cut down on the prime cost,' says RUSAL First Deputy DG Vladislav Solovyev.

Besides, the unfavorable market conditions compelled the BEMO Project investors to decide to postpone the launch of Boguchansky smelter to the summer of 2014.

In September, RUSAL and Foreign Trade Bank signed a MoU on cooperation in the field of setting up new production facilities on the premises of lossmaking plants. For one, new car parts, cables, and rolled stock production facilities might be set up there.

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