Alcoa Corporation will sell its Warrick Operations rolling mill near Evansville, in the US state of Indiana, for $670 million - including $587 million in cash - to Kaiser Aluminum, with the transaction expected to close by April 2021, Alcoa said on Monday November 30.
Alcoa will continue to operate the smelter - which has capacity of 269,000 tonnes per year - and power plant at the location. The rolling mill has total annual capacity of 310,000 tonnes of flat-rolled aluminium.Once the sale of the rolling mill is...