MOSCOW, April 21 (RIA Novosti) - Russian aluminum
giant RusAl said on Tuesday its primary aluminum output had
decreased 7.2% year-on-year in January-March to 1 million
metric tons.
United Company RusAl, established in March 2007 through a
merger of the Russian aluminum giants RusAl and SUAL and Swiss
Glencore's alumina assets, said bauxite production fell 34.2%
in the reporting period to 3 million metric tons, while alumina
output declined 25.3% to 2.1 million metric tons.
"As part of its Cost Efficiency Leader program, RusAl has
reduced production across its most economically inefficient and
environmentally unsound facilities. By the end of 2009, the
total reduction of aluminum will be 0.5 mln tons, which is
approximately 11% of 2008 volume. The alumina output will be
cut by 3.9 mln tons, approximately 34% of the total output,"
the company said.
RusAl said that total savings from cost-cutting measures
amounted to $554 million in the first quarter, with the company
expected to save $1.1 billion in 2009, excluding the investment
program.
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