Kaiser Aluminum

Kaiser Aluminum is an American aluminum producer. It is a spinoff from Kaiser Aluminum and Chemicals Corporation, which came to be when common stock was offered in Permanente Metals Corporation and Permanente Metals Corporation's name was changed to Kaiser Aluminum and Chemicals Corporation.[2] Henry J. Kaiser's corporation entered the aluminum business by leasing, then purchasing three government-owned aluminum facilities in Washington state. These were the primary reduction plants at Mead and Tacoma, and the rolling mill at Trentwood. The company grew to be a vertically integrated aluminum producer. Kaiser currently owns 12 fabricating plants that can produce more than 400,000,000 pounds (180,000 long tons) of aluminum annually. The company also owns a 49 percent interest in an aluminum smelter in Wales. The North American plants produce approximately 500,000,000 pounds (220,000 long tons) per year of value-added sheet, plate, extrusions, forgings, rod, bar, and tube. Kaiser previously owned a subsidiary that developed real estate, including Rancho California, California.[3]

A former Kaiser Aluminum plant next to the Huey Long Bridge in Baton Rouge, Louisiana in 1972

Kaiser Aluminum
Public
Traded asNASDAQ: KALU
S&P 600 Component
ISINUS4830077040 
IndustryAluminum
Founded1946 in Washington state, U.S.
HeadquartersPrincipal: Foothill Ranch, California
Operational: Spokane Valley, Washington
Key people
Jack A. Hockema –  Chief Executive Officer and Chairman of the Board of Directors
ProductsRolled aluminum, plate, sheet, and extruded products.
Revenue US$740 million[1]
US$ 70 million[1]
Number of employees
2,000 (2005)
WebsiteOfficial website

Kaiser Aluminum is headquartered in Foothill Ranch, California. In 2005, it recorded revenues of roughly US$1.1 billion and employed more than 2,000 people at eleven fabricating facilities throughout North America.

Kaiser Aluminum filed for bankruptcy in 2002 due to labor disputes, the West Coast energy crisis, and asbestos liabilities. It emerged from bankruptcy four years later.[4]

In March 2006, Kaiser Aluminum determined to restate its financial statements for the quarters ended March 31, 2005; June 30, 2005; and September 30, 2005, to adjust its VEBA-related payments and derivative financial instrument transactions.

References
  1. "Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2013 Financial Results". Retrieved February 18, 2014.
  2. Kaiser Industries Corporation, Oakland, California (1968). "The Postwar Gamble". The Kaiser Story (PDF). p. 39. Archived from the original (PDF) on June 16, 2015. Retrieved March 24, 2016.CS1 maint: multiple names: authors list (link)
  3. BROOKS, NANCY RIVERA (July 12, 1986). "Kaiser Aluminum to Sell Bulk of Real Estate Assets". Los Angeles Times. ISSN 0458-3035. Retrieved April 12, 2017.
  4. Nicholas K. Geranios (July 6, 2006). "Kaiser Aluminum emerges from bankruptcy proceedings". The Seattle Times. Associated Press. Retrieved March 21, 2014.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.