SOURCE: Century Aluminum Company

Century Aluminum Company

December 07, 2010 11:00 ET

Century Aluminum Announces Restart of Hawesville, KY Potline

MONTEREY, CA--(Marketwire - December 7, 2010) -  Century Aluminum of Kentucky, a wholly owned subsidiary of Century Aluminum Company (NASDAQ: CENX), today announced its intention to restart an idled potline at the Hawesville, Kentucky aluminum smelter.

The Hawesville smelter has a rated capacity of approximately 250,000 tonnes of primary aluminum annually from five potlines. As a consequence of the cost structure of the plant and depressed aluminum prices, one of the five potlines was curtailed in March 2009. Restarting the idled potline is expected to increase primary aluminum production by approximately 4,370 tonnes per month. To support the increase in production, Century of Kentucky plans to add approximately 100 new positions through recall and new hiring. The process of restarting the potline is expected to be completed during the first quarter of 2011.

"Bringing the Hawesville smelter back to full operating capacity will improve our competitiveness and help sustain continued operations," said Hawesville vice president and plant manager Matt Powell. "We will begin preparations for restarting the idled potline immediately."

Century Aluminum Company, the parent of Century Aluminum of Kentucky, owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Monterey, California.

Cautionary Statement

This press release may contain "forward-looking statements" within the meaning of U.S. federal securities laws. The forward-looking statements are based on current expectations and projections about the future; however, these statements are subject to risks, uncertainties and assumptions, any of which could cause the company's actual results to differ materially from those expressed in its forward-looking statements, including whether or not Century Aluminum of Kentucky (the "Company") will ultimately decide to restart the idled potline, and if so, be able to restart it successfully, whether or not the restart of the idled potline will improve plant competitiveness, sustain continued operations or increase primary aluminum production by the expected amount, whether or not the restart of the idled potline will generate the expected number of new employment positions, whether or not the Company will be able to successfully fill the newly created employment positions and whether such positions will be filled through recall and new hiring, whether or not the Company will be successful in preparing for and restarting the potline during the expected timeframes, and whether or not the Company will be able to reach a new labor agreement with United Steelworkers. More information about these risks, uncertainties and assumptions can be found in the risk factors and forward-looking statements cautionary language contained in the company's Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. The company does not undertake, and specifically disclaims, any obligation to revise any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date such forward-looking statements are made.

Certified Advisors for the First North market of the OMX Nordic Exchange Iceland hf. for Global Depositary Receipts in Iceland:

Atli B. Gudmundsson, Senior Manager - Corporate Finance, NBI hf.

Steingrimur Helgason, Director - Corporate Finance, NBI hf.

Contact Information

  • Contacts:
    Mike Dildine

    Shelly Lair