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RUSAL starts preservation of Nadvoitsy smelter due to sanctions

MOSCOW, Aug 6 (PRIME) -- Russian aluminum giant UC RUSAL has started a temporary shutdown of electrolysis capacities of its Nadvoitsy Aluminum Smelter in the republic of Karelia due to the U.S. sanctions, a representative of the company told PRIME on Monday.

The smelter lost its sales markets and stable raw materials supplies due to the sanctions, while its products became non-demanded, as its production was fully oriented at the U.S. market, he said.

УThatТs why since April 2018 the Nadvoitsy Aluminum Smelter has been working only for a warehouse, generating significant losses. Due to the situation that occurred at the Nadvoitsy Aluminum Smelter after the introduction of sanctions, in order to reduce losses, RUSAL is forced to start a temporary shutdown of electrolysis capacities of the Nadvoitsy Aluminum Smelter in August,Ф the representative said.

End

06.08.2018 17:24
 
 
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