Author: Paul Ploumis
29 Oct 2014 Last updated at 05:02:53 GMT
WASHINGTON (Scrap Monster): Due to the improving conditions in the industry, the investment projects initiated by the company and also, all the acquisition by the company this year. Aerospace and the automotive industries of the both beneficial countries of the company is flourishing up showing great vital signs for the company’s third quarter results. Moreover, the increase in demand for aluminum, in the automotive as well as the aerospace industries in the both the countries are expected to grow further in the coming years.
Coming down to the acquisitions made by the company in this quarter, on the month of June, in the year 2013, the company, Century Aluminum, acquired Sebree smelter, which was followed by the acquisition of 50.3 percent of stake at Alco’s, Mount Holly aluminum Smelter, in the current month. After closing the transaction of the deal, the company will own 100 percent of the Mount Holly aluminum smelter. The company is now also focusing on establishing long term power strategy in Ketchuky.
The value added investment projects intiated by the company in the beginning of this year, is near to its completion. In the month of August, Sebree, will be completely prepared to start its trial production. The company will be all ready by the year 2015, to ship out its 60,000 tonnes of production.