Fire at Kaiser Aluminum Plant has Minumum Impact

Kaiser Aluminum, a leading producer of fabricated aluminum products, said today that on June 12 Anglesey Aluminium Metal Ltd. suffered a significant failure in the rectifier yard that resulted in a localized fire in one of the power transformers. Anglesey is 49 percent owned by Kaiser Aluminum.

"We were heartened to hear that there were no injuries or environmental impacts to the community," said Jack A. Hockema, chairman, president and CEO of Kaiser Aluminum.

The incident resulted in a loss of power across the smelter, and Anglesey employees are working to restore operational stability. Some capacity has been taken off line for safety and operational reasons. The smelter is currently operating at one third of its total capacity of 145,000 tons, and it is not yet clear how long it will take to restore full production.

"This incident does not affect our core Fabricated Products business and we are working with Anglesey to assess the financial impact, if any, of this situation on the company," added Hockema.

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