RusAl holding, owner of the control share holding of the Zaporizhzhya Aluminous Industrial Complex (ZAlK OJSC), began to close down the electrolysis and aluminous productions of the enterprise.
According to ZAlK OJSC press-service, the productions are shut down because the government of Ukraine failed to make decision on allowing the enterprise to pay for electrical energy at a differentiated tariff, as it is done in the world.
“The decision has been discussed for three years already. However, the government has not made any decision as yet. As of today, the aluminum price has fallen to US $ 2000 for a ton making absolutely unprofitable the productions at ZAlK. In this situation, according to ZAlK director general Oleksander Kotyuk, the enterprise was forced to launch a gradual conservation of the production cycle, with a gradual closedown of technological facilities”, the company’s press-service informed.
According to the press-service, 130 people will be sacked in the course of the first stage of the closedown.