SOURCE: Century Aluminum Company

Century Aluminum Company

September 09, 2015 08:00 ET

Century Announces the Curtailment of One Potline at Hawesville, KY Smelter

CHICAGO, IL--(Marketwired - Sep 9, 2015) - Century Aluminum of Kentucky, a wholly-owned subsidiary of Century Aluminum Company (NASDAQ: CENX), today announced the orderly curtailment of one potline at its Hawesville, Kentucky aluminum smelter, effective immediately. Following the curtailment, Hawesville's primary aluminum production will be about 60% of capacity. The plant was operating at approximately 80% capacity prior to the curtailment. Century Aluminum of Kentucky previously issued a notice of its intent to curtail its plant operations in their entirety beginning on October 24, 2015, unless the current pricing environment substantially changes, and such notice remains in effect.

About Century Aluminum

Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Chicago, IL.

Visit www.centuryaluminum.com for more information.

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, Landsbankinn hf.
Steingrimur Helgason, Director -- Corporate Finance, Landsbankinn hf.

Cautionary Statement

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to the "safe harbor" created by section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Forward-looking statements are statements about future, not past, events and involve certain important risks and uncertainties, any of which could cause our actual results to differ materially from those expressed in our forward-looking statements. These forward-looking statements may be identified by the words "believe," "expect," "anticipate," "intend," "plan," "estimate," "forecast" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," "might," or "may." Forward-looking statements in this press release include, without limitation, statements with respect to future global and local financial and economic conditions; our assessment of the aluminum market and aluminum prices (including premiums); the future operation of the Hawesville plant and the future effects of any closure or curtailment of the Hawesville plant; the future financial and operating performance of the Company, its subsidiaries and its projects; and our business objectives, strategies and initiatives, including our ability to achieve productivity improvements or cost reductions. More information about the risks, uncertainties and assumptions affecting the Company can be found in the risk factors and forward-looking statements cautionary language contained in our Annual Report on Form 10-K and in other filings made with the Securities and Exchange Commission. We do not undertake, and specifically disclaim, any obligation to revise any forward-looking statements to reflect the occurrence of future events or circumstances.

Contact Information

  • Century Aluminum Contacts:
    Kenny Barkley (media)
    270.521.7424

    Peter Trpkovski (investors)
    312.696.3112