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Old 07-11-2017, 5:41pm   #1
09CTSV
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Default 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
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Old 07-11-2017, 6:01pm   #2
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Sorry about your pot lines.


How are the coke lines faring?


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Old 07-11-2017, 6:08pm   #3
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Old 07-11-2017, 6:28pm   #4
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in my head, all of that translated to "i still have a job"

Congrats.
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Old 07-11-2017, 6:51pm   #5
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Sorry about your pot lines.
How are the coke lines faring?
Pot...lines?



...those were the days my friend....
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Old 07-11-2017, 6:52pm   #6
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Originally Posted by TxAg View Post
I hear "pot lines" and all I see is a bunch of stoners lined up smoking joints.

Congrats on the good news!
I hear POTS lines and I think "plain old telephone service"
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Old 07-11-2017, 7:17pm   #7
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Originally Posted by 09CTSV View Post
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
GREAT NEWS

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.
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Old 07-11-2017, 7:23pm   #8
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I hear POTS lines and I think "plain old telephone service"
I"m SO old my flip phone has a rotary dial.......
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Old 07-11-2017, 7:27pm   #9
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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.
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Old 07-11-2017, 7:53pm   #10
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I"m SO old my flip phone has a rotary dial.......
and a slot for the dime
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Old 07-11-2017, 8:09pm   #11
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Originally Posted by Kerrmudgeon View Post
Pot...lines?



...those were the days my friend....
I like the way you photoshopped "shutterstock on that pic of your coffee table.

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Old 07-12-2017, 6:54am   #12
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Did managment explain why they were reopening lines?

OI just found this.

Alcoa to partially restart Warrick smelter, add 275 jobs


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Alcoa's Warrick Operations will re-open three of the five potlines it shut down in its smelter operation in 2016, adding back 275 jobs in its facility along the Ohio River east of Newburgh.

The company said the move will "further improve the competitiveness of the on-site rolling mill," which creates flat-rolled aluminum for food and beverage packaging.

The company says the three lines should produce some 161,000 metric tons of aluminum per year for the mill. The process to restart the three lines will begin immediately and is expected to be complete in the second quarter of 2018.

The smelter, which went into operation in 1960, shut down in March 2016. The company announced the closure about three months prior to that. Some 600 people were working in the smelter at the time, and Alcoa officials then said 325 would be laid off, with others accepting employment elsewhere, or taking severance or retirement packages.

In a news release, Alcoa officials said they appreciated "the actions the Trump Administration has taken to address the challenges faced by the U.S. aluminum industry, including Chinese overcapacity. As Warrick Operations restarts aluminum production, Alcoa is confident the Administration will continue to be attentive to the industry's needs."

Boonville Mayor Charlie Wyatt, who started working for Alcoa at age 19 and spent 41 years with the company, was thrilled with the news.

"I've been praying for this since my first City Council meeting," Wyatt said. "Thank God, thank God. We're just rejoycing and thank the good Lord for blessing us with this. It's been in my prayers weekly."

From the state's side, the Indiana Economic Development Corp. and Warrick County offered preliminary assistance to support the restart plan, according to Alcoa's news release. The IEDC offered Alcoa up to $2.4 million in conditional tax credits and up to $100,000 in training grants based on plans to add new full-time jobs for Indiana residents.

As part of the smelter's restart, Alcoa Power Generating Inc. and Vectren announced an agreement to jointly own and operate the coal-powered Warrick Unit 4 generating unit that provides power for the smelter and rolling operations. The agreement runs through Dec. 31, 2023, according to the news release.

“Restarting the operations of the smelter is a significant economic development win for our community, including the creation of 275 jobs, and we were pleased to play such an important role in helping make this a reality,” said Carl Chapman, Vectren chairman, president and CEO. “This six-year contract aligns well with our previously announced long-term electric generation strategy, and the expected exit from our joint ownership and operation of Unit 4 at the end of 2023 is consistent with our plan to bring online a new natural gas-fired power plant by 2024 and install additional renewable energy resources through 2020.”

Alcoa has long been closely identified with Warrick County, and Shari Sherman, director of the Warrick County Chamber of Commerce, said the news is welcomed.

"It is great for Warrick County, Alcoa, the workers and all businesses, because it means jobs will be coming back and new jobs will be created, and that is always a good thing. Alcoa is firmly planted in Warrick County and is a great asset, one of of valued partners."
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Old 07-12-2017, 7:18am   #13
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As a long time shareholder this sounds positive!
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Old 07-12-2017, 12:51pm   #14
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Pot line? Hmmm...

Line #1, #2.

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Old 07-12-2017, 4:29pm   #15
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Pot line? Hmmm...

Line #1, #2.

Damn, that Exxon station must be HUGE !!!
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Old 07-14-2017, 4:29am   #16
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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.
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Old 07-14-2017, 4:48am   #17
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Quote:
Originally Posted by Thunder22 View Post
and a slot for the dime
Nickle........
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Old 06-26-2019, 10:13pm   #18
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American manufacturing is coming back and it's glorious!
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Old 06-27-2019, 5:08am   #19
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good to hear.
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Old 06-28-2019, 9:00pm   #20
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Quote:
Originally Posted by Kerrmudgeon View Post
Pot...lines?



...those were the days my friend....
Ahh, the eighties. I admit I miss 'em.
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