March 15 (Reuters) - Alcoa Corp AA.N : PORTLAND ALUMINIUM...

March 15 (Reuters) - Alcoa Corp AA.N :

• PORTLAND ALUMINIUM SMELTER WILL BEGIN TO IMMEDIATELY REDUCE ITS OVERALL PRODUCTION DUE TO OPERATIONAL INSTABILITY
• PRODUCTION AT SMELTER WILL BE REDUCED TO 75 PER CENT OF THE SITE’S TOTAL CONSOLIDATED CAPACITY OF 358,000 METRIC TONNES PER YEAR
• PORTLAND ALUMINIUM SMELTER HAS RECENTLY FACED INSTABILITY AND CHALLENGES RELATED TO PRODUCTION OF RODDED ANODES
• SMELTER HAD PREVIOUSLY BEEN OPERATING AT ABOUT 95 PER CENT OF ITS TOTAL CAPACITY
• ALCOA'S SHARE OF TOTAL CAPACITY IS 197,000 MTPY
• TEAMS ARE FOCUSED ON SAFELY TAKING THE PRODUCTION OFFLINE AND WORKING TO RESTORE STABILITY ACROSS THE FACILITY