Kaiser Aluminum

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Kaiser Aluminum
Type Public
Traded as NASDAQKALU
Industry Aluminum
Founded 1946 in Washington state
Headquarters Principal: Foothill Ranch, California
Operational: Washington state
Key people Jack A. Hockema - President and Chief Executive Officer
Products rolled aluminum
milled aluminum
Revenue Decrease US$ 740 million[1]
Net income Decrease US$ 70 million[2]
Employees 2,000 (2005)
Website www.kaiseraluminum.com

Kaiser Aluminum is an American aluminum producer. The company was founded in 1946 by American industrialist Henry J. Kaiser. Kaiser entered the aluminum business by leasing, then purchasing three government-owned aluminum facilities in Washington state. These were the primary reduction plants at Mead and Tacoma, and the rolling mill at Trentwood. The company grew to be a vertically integrated aluminum producer. Kaiser currently owns 12 fabricating plants that can produce more than 400 million pounds (180,000 Tonnes) of aluminum annually. The company also owns a 49 percent interest in an aluminum smelter in Wales. The North American plants produce approximately 500 million pounds (225,000 Tonnes) per year of value-added sheet, plate, extrusions, forgings, rod, bar, and tube.

Kaiser Aluminum is headquartered in Foothill Ranch, California. In 2005, it recorded revenues of roughly $1.1 billion and employed more than 2,000 people at 11 fabricating facilities throughout North America.

Kaiser Aluminum filed for bankruptcy in 2002 due to labor disputes, the West Coast energy crisis, and asbestos liabilities. It emerged from bankruptcy four years later.[3]

In March 2006, Kaiser Aluminum determined to restate its financial statements for the quarters ended March 31, 2005; June 30, 2005; and September 30, 2005, to adjust its VEBA-related payments and derivative financial instrument transactions.

References[edit]

The former plant next to the Huey Long Bridge in 1972.
  1. ^ "Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2013 Financial Results". Retrieved 18 February 2014. 
  2. ^ "Kaiser Aluminum Corporation Reports Fourth Quarter and Full Year 2013 Financial Results". Retrieved 18 February 2014. 
  3. ^ Nicholas K. Geranios (July 6, 2006). "Kaiser Aluminum emerges from bankruptcy proceedings". The Seattle Times. Associated Press. Retrieved March 21, 2014. 

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