Ceramic Industry News

Rio Tinto to Invest in Icelandic Smelter

October 18, 2010
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Rio Tinto Alcan recently announced an investment of $140 million in a casting facility to produce value-added billet at its aluminum smelter in Straumsvik, Iceland (ISAL), bringing total investment announced in recent weeks in ISAL to $487 million.

“Expanding production capacity and investing in a new casting facility at ISAL is part of our strategy of developing our top-tier assets,” said Jacynthe Côté, chief executive. “ISAL has a clean energy source in hydro power; low CO2 emissions; and strong performance on health, safety, and the environment. The investment will help us continue to deliver reliable and high-quality products to our customers.”

For additional details, visit www.riotinto.com.

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