Alcan to Close Aluminum Cast Plate Plant in Vernon, California

Alcan has announced today that it will close its Vernon, California aluminum cast plate facility effective January 21, 2006. The Company is in discussions for the sale of equipment and real estate to potential buyers.

“Over the past 18 months we have thoroughly explored and examined various alternatives for the Vernon cast plate business. In a challenging economic environment it has struggled to remain competitive, and we have reluctantly taken the decision to close the operation,” explained Michel Jacques, President and Chief Executive Officer of Alcan Engineered Products.

The plant produces aluminum cast plates for the mold and tool making industries. The Company has assured the 64 unionized (United Auto Workers) and 12 salaried employees affected by the closure, that they will be treated fairly. State and local employment development departments have been notified of the closure and Alcan will work closely with them during this transition. “We will be managing the social and personal consequences in the most sensitive way possible,” concluded Jacques.

http://www.alcan.com/

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