Rio Tinto is planning to divest its 13 aluminium assets in different countries to allow Rio Tinto Alcan to concentrate on its strategy to grow the value of its tier one assets and improve the group’s financial performance.
The company will transfer its interests in six Australian and New Zealand assets into a new business unit called Pacific Aluminium.
Go deeper with GlobalData
The assets include Gove bauxite mine and alumina refinery, Boyne smelters, Gladstone power station, the Tomago and Bell Bay smelters in Australia and New Zealand aluminium smelters.
The remaining seven assets, which will be managed by Rio Tinto Alcan while it further investigates divestment options, include three specialty alumina plants and the Gardanne refinery in France and Germany.
The assets also include Sebree smelter in the US, and Lynemouth smelter and associated power station in the UK.
See Also:
Rio Tinto Alcan CEO Jacynthe Cote said that streamlining the product group will allow the firm to concentrate its efforts even more on driving performance improvements and investing in growth.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
