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UC RUSAL Restarts Idled Capacity at Siberia Smelter

Industry News 08:52:11AM Mar 11, 2010 Source:SMM

MOSCOW, Mar. 11 -- UC RUSAL (0486.HK: Quote) (RUAL.PA: Quote), the world's largest aluminium producer, has restarted some of the idled capacity at its Novokuznetsk smelter in Siberia, in line with plans to raise output this year, the company said.

Artyom Volynets, RUSAL's deputy chief executive for strategy told a Reuters Global Mining and Steel Summit on Tuesday that it planned to restart 100,000 tonnes of idle capacity by the end of the first quarter as global consumption enters the second phase of recovery.

Output at the Novokuznetsk smelter, or NkAZ, would reach approximately 253,000 tonnes in 2010, or 10 percent more than last year, UC RUSAL said in a statement on Wednesday.

Capacity at the No. 1 site at NkAZ was suspended in March 2009. UC RUSAL said 183 pots at the site had already been brought back on line and that a total of 264 pots would be operational by the end of April.

UC RUSAL, fresh from Russia's biggest ever debt restructuring and an initial public offering of its shares, plans to restart 100,000 tonnes of idled capacity by the end of the first quarter.

Volynets said most of this capacity was in Siberia, with some additional capacity also coming on stream in Sweden and Nigeria.

 

 

UC RUSAL Restarts Idled Capacity at Siberia Smelter

Industry News 08:52:11AM Mar 11, 2010 Source:SMM

MOSCOW, Mar. 11 -- UC RUSAL (0486.HK: Quote) (RUAL.PA: Quote), the world's largest aluminium producer, has restarted some of the idled capacity at its Novokuznetsk smelter in Siberia, in line with plans to raise output this year, the company said.

Artyom Volynets, RUSAL's deputy chief executive for strategy told a Reuters Global Mining and Steel Summit on Tuesday that it planned to restart 100,000 tonnes of idle capacity by the end of the first quarter as global consumption enters the second phase of recovery.

Output at the Novokuznetsk smelter, or NkAZ, would reach approximately 253,000 tonnes in 2010, or 10 percent more than last year, UC RUSAL said in a statement on Wednesday.

Capacity at the No. 1 site at NkAZ was suspended in March 2009. UC RUSAL said 183 pots at the site had already been brought back on line and that a total of 264 pots would be operational by the end of April.

UC RUSAL, fresh from Russia's biggest ever debt restructuring and an initial public offering of its shares, plans to restart 100,000 tonnes of idled capacity by the end of the first quarter.

Volynets said most of this capacity was in Siberia, with some additional capacity also coming on stream in Sweden and Nigeria.