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Aluminum producers take action to curb costs during downturn.

Publication: Metal Center News
Publication Date: 01-JAN-09
Format: Online
Delivery: Immediate Online Access
Full Article Title: Aluminum producers take action to curb costs during downturn.(METAL INDUSTRY NEWS)

Article Excerpt
NORTH AMERICA'S leading aluminum producers have announced steps to curtail operations due to the current recessionary conditions. Alcoa, Century Aluminum and Kaiser Aluminum have unveiled separate cost-cutting measures in the past month.

"These are extraordinary times, requiring speed and decisiveness to address the current economic downturn, and flexibility and foresight to be prepared for future uncertainties in our markets," says Klaus Kleinfeld, president and CEO of Pittsburgh-based Alcoa Inc. "We are taking a wide-ranging set of aggressive,...

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