US aluminium company, Alcoa, part owner of the Jamalco plant in Clarendon, is looking at selling its sole plant in France and two production sites in Spain. The announcement was made on Monday.
Alcoa said in a statement that, to determine which path to follow and the means to optimize activity at the plants, it is exploring several options, including selling them. More than 700 workers are employed to the facilities.
The company said it was convinced the sites had potential, but given funding constraints, it was exploring if they would be more valuable to another owner.
Alcoa owns 55 per cent of Jamalco, with the remaining 45 per cent held by the government, through Clarendon Alumina Partners (CAP).
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