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Kaiser sells Tacoma smelter, curtails mead indefinitely. (Metal Industry News).

Publication: Metal Center News
Publication Date: 01-FEB-03
Format: Online - approximately 576 words
Delivery: Immediate Online Access
Full Article Title: Kaiser sells Tacoma smelter, curtails mead indefinitely. (Metal Industry News).(to Port of Tacoma, Washington)

Article Excerpt
Kaiser Aluminum, Houston, signed an agreement to sell its property, plant and equipment in Tacoma, Wash., to the Port of Tacoma for about $12.1 million. The Port Authority will also place about $4 million in escrow for future expenditures to meet regulatory requirements related to preparing the real estate for future use.

"This transaction is part of Kaiser's ongoing objective to sell non-core assets and to bolster our liquidity," Kaiser President and CEO Jack A. Hockema says. "The Tacoma smelter generated economic value locally and...

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