Alcoa Evaluates Sale of San Cibrao Complex Amid Uncertainty

Alcoa has announced that the outcome of the sale process for the San Cibrao complex in Cervo, Lugo, remains uncertain. The company is currently evaluating non-binding offers, keeping the details confidential.

In a recent statement, Alcoa informed that it has been updating the committee and workers about the situation. The company is facing significant challenges and is seeking a solution to ensure the long-term economic viability of the plants.

Alcoa is working on two potential scenarios: continuing to operate the complex or exploring a possible sale. Efforts to continue operations include securing competitive energy supplies and addressing key technical aspects such as obtaining permission for screeding the sludge deposit.

The company emphasizes that a sale will only be considered under specific conditions. These include financial strength and technical capabilities to ensure ongoing operations, adequate guarantees for future contingencies, willingness to accept all obligations and responsibilities linked to the business, and the capacity to conduct a thorough due-diligence process.

Alcoa is committed to finding a solution that secures the long-term viability of the San Cibrao complex, whether through continued operation or a potential sale.