Canadian aluminum major Alcan is entertaining bids for any potential buyers of its 200,000 mt/year aluminum smelter in Vlissingen in The Netherlands, president and CEO Richard Evans said during a conference call Tuesday.
Alcan on October 23 said Pechiney Nederland NV, a wholly-owned subsidiary of Alcan, will conduct a strategic review of alternatives, including the potential sale of Vlissingen, in which it holds an 85% interest. Ongoing negotiations involving a consortium of energy-intensive companies have so far failed to satisfy the smelter's requirements for a long-term competitive energy supply.
Evans said there may be some potential buyers who will "have some special way of working with it to make it more viable." But the smelter's cast house is "good," and Alcan plans to keep it, no matter what the outcome of the smelter. In addition, the smelter has a good carbon plant that has been modernized.
Meanwhile, Alcan is "close" to making a decision on its 220,000 mt/year Coega smelter project in South Africa, said Alcan president and CEO Richard Evans. Speaking during a Tuesday conference call, Evans said, "I still think we're close. I think it will happen in the fourth quarter. We have people there now. There's a high probability it'll get done."
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