|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
07-11-2017, 5:41pm | #1 | ||||||
Charter Member
Barn Raising II,III
Join Date: Oct 2009
Location: Marion, IA
Posts: 3,342
Thanks: 1,064
Thanked 1,686 Times in 652 Posts
Gameroom Barn Bucks: $2106426
|
WOW good news at work
So they made the big announcement today at work. They shut our pot lines down last year and said the pot rooms were closed, not curtailed. Things drug along last year with the Alcoa splitting into two companies, Alcoa Corp and Arconic. Our site stayed with Alcoa Corp, even though we are the only rolling mill asset they own, the rest is Aluminia, Refining, Power and Smelting.
Today the President of our business unit which includes smelting, announced they will be restarting 3 of our 5 pot lines by 2Q 2018. It will take about a year to refurbish and get things right to start them back up. This means our power rate will be drastically lower in our rolling mills which means we should be able to turn a much better profit. Looks like they will be hiring about 275 people back. The company had laid off about 300 when the pot rooms shut down. Altogether there were 600 jobs lost when we shut them down. Does make things feel a little better at work knowing we will be getting molten metal instead of being a cold metal Aluminum rolling mill |
||||||
The Following 21 Users Say Thank You to 09CTSV For This Useful Post: |
07-11-2017, 6:01pm | #2 | ||||||
Barn Stall Owner #16A
Barn Stall Owner #16B NCM Supporter '11,'13 Bantayan Kids '13
Join Date: Jan 2011
Location: NW FL
Posts: 50,566
Thanks: 10,131
Thanked 13,004 Times in 7,316 Posts
Gameroom Barn Bucks: $602908
|
Sorry about your pot lines.
How are the coke lines faring? |
||||||
07-11-2017, 6:08pm | #3 | ||||||
A Real Barner
Join Date: Dec 2011
Location: Down the Shore,New Jersey Elev.3 feet.
Posts: 18,342
Thanks: 4,515
Thanked 10,868 Times in 5,069 Posts
Gameroom Barn Bucks: $1007997
|
|
||||||
07-11-2017, 6:28pm | #4 | ||||||
A Real Barner
Join Date: May 2013
Location: NY/NJ
Posts: 4,194
Thanks: 679
Thanked 2,770 Times in 1,283 Posts
Gameroom Barn Bucks: $216475
|
in my head, all of that translated to "i still have a job"
Congrats. |
||||||
The Following 3 Users Say Thank You to Thunder22 For This Useful Post: |
07-11-2017, 6:51pm | #5 | ||||||
Bantayan Kids '13,'14,'15,'17
Join Date: Jan 2011
Location: Canada's capital
Posts: 49,335
Thanks: 14,649
Thanked 18,411 Times in 8,713 Posts
Gameroom Barn Bucks: $4614507
|
|
||||||
The Following User Says Thank You to Kerrmudgeon For This Useful Post: |
07-11-2017, 6:52pm | #6 | ||||||
A Real Barner
Join Date: May 2013
Location: NY/NJ
Posts: 4,194
Thanks: 679
Thanked 2,770 Times in 1,283 Posts
Gameroom Barn Bucks: $216475
|
|
||||||
The Following 5 Users Say Thank You to Thunder22 For This Useful Post: |
07-11-2017, 7:17pm | #7 | |||||||
Barn Stall Owner #327
NCM Supporter '16,'17,'19,'20 Bantayan Kids '13,'14,'15,'17 GTMS ‘18
Join Date: Jan 2011
Location: Zionsville,PA
Posts: 49,035
Thanks: 25,745
Thanked 21,856 Times in 8,891 Posts
Gameroom Barn Bucks: $5976008
|
Quote:
As a machinist, this makes me happy. Not only is a USA based metal producer going back on line, the upgrades create or keep more jobs and the investment in the upgrade also translate into better profits. |
|||||||
The Following 2 Users Say Thank You to JRD77VET For This Useful Post: |
07-11-2017, 7:23pm | #8 | ||||||
Latin American Goat Roper
Barn Stall Owner #101 Bantayan Kids '13
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 60,581
Thanks: 32,797
Thanked 11,529 Times in 5,686 Posts
Gameroom Barn Bucks: $1138393
|
|
||||||
07-11-2017, 7:27pm | #9 | ||||||
10cm member
Barn Stall Owner #90125 NCM Supporter '19,'20
Join Date: Jan 2011
Location: Houston, Tejas, Estados Unidos
Posts: 80,866
Thanks: 36,575
Thanked 41,066 Times in 17,073 Posts
Gameroom Barn Bucks: $2621492
|
Wait a minute....how are jobs coming back? Does Trump have some kind of magic wand?
OR could it be that stable, reasonable energy costs and reduced regulation really does work? Nah, must be a magic wand. |
||||||
07-11-2017, 7:53pm | #10 | ||||||
A Real Barner
Join Date: May 2013
Location: NY/NJ
Posts: 4,194
Thanks: 679
Thanked 2,770 Times in 1,283 Posts
Gameroom Barn Bucks: $216475
|
|
||||||
07-11-2017, 8:09pm | #11 | ||||||
10cm member
Barn Stall Owner #90125 NCM Supporter '19,'20
Join Date: Jan 2011
Location: Houston, Tejas, Estados Unidos
Posts: 80,866
Thanks: 36,575
Thanked 41,066 Times in 17,073 Posts
Gameroom Barn Bucks: $2621492
|
|
||||||
The Following 2 Users Say Thank You to bill_daniels For This Useful Post: |
07-12-2017, 6:54am | #12 | |||||||
Barn Stall Owner #69
Bantayan Kids '14,'15,'17 GTMS ‘18
Join Date: Jan 2011
Location: Port Saint Lucie FL
Posts: 43,819
Thanks: 25,655
Thanked 12,522 Times in 5,846 Posts
Gameroom Barn Bucks: $1084134
|
Did managment explain why they were reopening lines?
OI just found this. Alcoa to partially restart Warrick smelter, add 275 jobs Quote:
|
|||||||
07-12-2017, 7:18am | #13 | ||||||
A Real Barner
Join Date: Jan 2011
Location: NorthernNY! (A little town on the shores of the Great Sacandaga Lake) in the peoples republic of NY
Posts: 10,020
Thanks: 5,344
Thanked 3,304 Times in 1,801 Posts
Gameroom Barn Bucks: $2115673
|
As a long time shareholder this sounds positive!
|
||||||
07-12-2017, 12:51pm | #14 | ||||||
Barn Stall Owner #457
Barn Raising II,III
Join Date: Nov 2011
Location: Troll Free Zone
Posts: 12,999
Thanks: 3,928
Thanked 5,091 Times in 2,389 Posts
Gameroom Barn Bucks: $10200183
|
Pot line? Hmmm...
Line #1, #2. |
||||||
The Following User Says Thank You to Fasglas For This Useful Post: |
07-12-2017, 4:29pm | #15 | ||||||
Chief Electrician
Barn Stall Owner #7734 Bantayan Kids '15
Join Date: Jan 2011
Location: The corner of Cease Rd. and Desist St.
Posts: 43,838
Thanks: 16,804
Thanked 33,381 Times in 13,464 Posts
Gameroom Barn Bucks: $107478
|
|
||||||
07-14-2017, 4:29am | #16 | ||||||
Charter Member
Barn Raising II,III
Join Date: Oct 2009
Location: Marion, IA
Posts: 3,342
Thanks: 1,064
Thanked 1,686 Times in 652 Posts
Gameroom Barn Bucks: $2106426
|
The three lines they are starting will give our side of the plant a much needed break on the cost of power and metal. We have our own power plant which has been running one unit at 60% power to supply us with High Temp Water for our process and power. They use the condensate off one of the turbines to circulate the water to us at about 400 degrees and 400 PSI. We use this to heat our tanks instead of steam or electric heaters. We only use about 30% of the power from the one unit and sell the rest of the power on the grid for a loss. With the POT lines running we will need all three units from the power plant to melt the aluminium and provide power to us.
They are already shuffling people to the smelter and getting the ball rolling pretty quickly. The next six months are going to be living hell trying to get people qualified in new positions. |
||||||
07-14-2017, 4:48am | #17 | ||||||
Latin American Goat Roper
Barn Stall Owner #101 Bantayan Kids '13
Join Date: Nov 2009
Location: Orange Park Florida
Posts: 60,581
Thanks: 32,797
Thanked 11,529 Times in 5,686 Posts
Gameroom Barn Bucks: $1138393
|
|
||||||
06-26-2019, 10:13pm | #18 | ||||||
2016 Election Expert
Barn Stall Owner #64
Join Date: Jan 2011
Location: Joplin, MO
Posts: 18,039
Thanks: 999
Thanked 10,155 Times in 4,727 Posts
Gameroom Barn Bucks: $11380138
|
American manufacturing is coming back and it's glorious!
|
||||||
06-27-2019, 5:08am | #19 | ||||||
A Real Barner
Join Date: Jan 2011
Posts: 12,213
Thanks: 5,818
Thanked 3,195 Times in 1,781 Posts
Gameroom Barn Bucks: $1232517
|
good to hear.
|
||||||
06-28-2019, 9:00pm | #20 | ||||||
Barn Stall Owner #5150
Bantayan Kids '17
Join Date: Jan 2011
Location: East Ridge TN
Posts: 18,584
Thanks: 12,431
Thanked 3,972 Times in 1,502 Posts
Gameroom Barn Bucks: $2000032332
|
|
||||||
Thread Tools | Search this Thread |
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||