Company announces official closure of Ferndale smelter
Ferndale's Alcoa Intalco smelter will close after sitting idle since 2020, the company announced Thursday.
The closure, according to Alcoa Corporation, will allow the company to begin the process of preparing the site for "economic development opportunities."
“The Intalco smelter site operated for nearly 55 years, and we’ve spent significant time evaluating options for the asset, including a potential sale,” said Alcoa President and CEO Roy Harvey. “Our analysis, however, indicates that the facility cannot be competitive for the long-term.
“The site is an important part of our history, and we are encouraged by the prospects for potential economic development via another entity that will own and control land at the site,” Harvey said. “We will continue to engage with our stakeholders, including community members and government officials, as we make this transition.”
https://www.msn.com/en-us/money/companies/company-announces-official-closure-of-ferndale-smelter/ar-AA18J2bP
