Century Aluminum

Century Aluminum Company (Nasdaq: CENX) is a US-based producer of primary aluminium, with aluminum plants in Kentucky, South Carolina and Iceland. It is the largest producer of primary aluminium in the United States.[1] The company is a publicly held corporation listed on the NASDAQ. The headquarters is at One South Wacker in Chicago.[2][3]

Century Aluminum
Nasdaq: CENX
S&P 600 component
Founded1995 (1995)

History

Since it was formed in 1995, Century has significantly expanded its operations through acquisitions and capital expansion projects and today operates primary aluminum smelters in Kentucky, South Carolina and Iceland. Century became publicly listed on NASDAQ in 1996.[4]

Operations

The company operates three aluminium smelters in the US, and one in Iceland. Construction of a fifth smelter in Iceland has been halted since 2009. All Century's operations produce primary aluminium, that is, aluminium from ore, rather than from aluminum scrap. In 2014, the company produced 881,000 metric tons of aluminium.[5]

As of late 2015, Century was suffering from low aluminium prices, and threatened to close its South Carolina plant, and lay off 600 workers, if it did not obtain less expensive electricity.[6] Century made an agreement with Santee Cooper Power in December 2015, under which it would run the Mount Holly smelter at half capacity.[7] Century had permanently closed their Ravesnwood, West Virginia plant in 2017 with a loss of 650 jobs due to high energy costs[8] and cited the same reason in announcing the closure of one of its Kentucky operations.[9]

Citations
  1. US Department of Commerce, , Section 232 Report on Aluminum, 2018.
  2. New York Times, Century Aluminum Company, accessed 1 Mar. 2016.
  3. "Century Aluminum moving HQ from California to One South Wacker". JLL. Retrieved 2016-08-02.
  4. "Century Aluminium Company - Company - History".
  5. Century Aluminum, accessed 1 Mar. 2016.
  6. "Century Aluminum threatens to close Mt Holly smelter if no new power deal", Reuters, 22 Oct. 2015.
  7. Dan Hason, “Century Aluminum Company and Santee Cooper Power reached agreement” Business Finance News, 21 Dec. 2015.
  8. "Century Aluminum permanently closes Ravenswood, WV plant". WVNS. 2015-07-28. Retrieved 2022-06-27.
  9. Nickell, Katrina. "Century Aluminum plant in Hancock County to shut down, laying off over 600 employees". WDRB. Retrieved 2022-06-27.

See also
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