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Century Aluminum plant in Hancock County to shut down, laying off over 600 employees
The Century Aluminum plant in Hancock County will shut down, cutting more than 600 jobs in a town of 950 people.
Employees found out on June 22 that the company will start the shutdown process on June 27. Now there will be many who will no longer drive through the gates at the smelter plant.
The company said the plant is closing because of the rise in energy costs, linked to the war in Ukraine. The company's CEO said energy costs to run the plant have nearly tripled...
https://finance.yahoo.com/news/norsk-hydro-shuts-aluminum-plant-055941675.html
Norsk Hydro Shuts Aluminum Plant as Europe’s Power Woes Deepen
Bloomberg News
August 17, 2022
(Bloomberg) -- Europe’s energy crisis has claimed another victim in the power-hungry metals industry, with Norsk Hydro ASA planning to shutter an aluminum smelter in Slovakia at the end of next month.
Aluminum is one of the most energy-intensive metals to produce, and the closure of the Slovalco facility adds to growing signs of stress in Europe’s industrial economy as power prices surge to record highs. The region had already lost about half of its zinc and aluminum smelting capacity during the past year, mainly as producers dialed back output. Hydro and others are now moving to shut down plants entirely...
Century Aluminum plant in Hancock County to shut down, laying off over 600 employees
- Katrina Nickell
- Jun 23, 2022 Updated Jun 24, 2022
The Century Aluminum plant in Hancock County will shut down, cutting more than 600 jobs in a town of 950 people.
Employees found out on June 22 that the company will start the shutdown process on June 27. Now there will be many who will no longer drive through the gates at the smelter plant.
The company said the plant is closing because of the rise in energy costs, linked to the war in Ukraine. The company's CEO said energy costs to run the plant have nearly tripled...
https://finance.yahoo.com/news/norsk-hydro-shuts-aluminum-plant-055941675.html
Norsk Hydro Shuts Aluminum Plant as Europe’s Power Woes Deepen
Bloomberg News
August 17, 2022
(Bloomberg) -- Europe’s energy crisis has claimed another victim in the power-hungry metals industry, with Norsk Hydro ASA planning to shutter an aluminum smelter in Slovakia at the end of next month.
Aluminum is one of the most energy-intensive metals to produce, and the closure of the Slovalco facility adds to growing signs of stress in Europe’s industrial economy as power prices surge to record highs. The region had already lost about half of its zinc and aluminum smelting capacity during the past year, mainly as producers dialed back output. Hydro and others are now moving to shut down plants entirely...