Tung Kuang Industrial Joint Stock Co:To dissolve its branch at Cam Phuc Ward, Cam Giang District, Hai Duong Province.To dissolve its subsidiary, Tung Yang Co Ltd, at Cam Phuc Ward, Cam Giang District, Hai Duong Province, due to ineffective operations, in September.
DADNY INC:To dissolve two subsidiaries.
Century Aluminum Company:Intends to permanently close its Ravenswood, W.V. aluminum smelter, effective immediately.The Ravenswood smelter has been idled since February 2009.The decision to permanently close the Ravenswood plant is based on the inability to secure a competitive power contract for the smelter, compounded by challenging aluminum market conditions largely driven by increased exports of aluminum from China.As a result, the economics of restarting and operating the facility are unfavorable.
Alcoa Inc:Realigns downstream portfolio to drive greater profitability as transformation continues.Says downstream portfolio will become two segments.Says realignment of its downstream segment as the company's value-add portfolio expands.Says external reporting for alcoa's new transportation and construction solutions segment will begin in third quarter 2015.Says one segment with a core focus on aerospace, and the other centered on the construction and commercial wheels markets.
Alcoa Inc:Says it will permanently close its poços de caldas primary aluminum smelter in Brazil on June 30.Says smelter has been curtailed since May 2014 and the underlying market conditions that led to the curtailment have not improved.Says the poços mine, refinery, aluminum powder plant and casthouse will continue normal operations.Says once poços smelter is closed, co's total global smelting capacity will be reduced to 3.4 million metric tons.Says expects to record restructuring-related charges in second quarter 2015 between $100 million and $110 million after-tax.
Alcoa Inc:Says that Alcoa of Australia will permanently close Anglesea coal mine and power station on Aug 31.Anglesea power station previously supplied about 40 percent of power needs for Point Henry smelter in Geelong, Victoria.Alcoa said in Feb. 2014 that it would conduct sales process for site, which has been operating as independent supplier to National Electricity Market since smelter closed in Aug. 2014.Says sales process did not result in a sale.