German Aluminum Maker Speira to Cut Production over Energy

German Aluminum Maker Speira has decided to curtail 50% of its smelter production at the Rheinwerk plant in Neuss until further notice. Going forward smelting production will be reduced to 70,000 tonnes of primary metal per year. This decision has been taken in consequence to the rising energy prices in Germany. Speira CEO Mr Einar Glomnes said “We are facing similar challenges as many other European aluminium smelters. Energy prices have reached too high levels over the last months, and we don´t foresee those to fall in the short-term future. This development requires us to curtail 50% of our smelter production until further notice to sustain value for Speira.”The curtailment process will start early in October and is expected to be completed in November. Speira will replace the curtailed liquid production with external metal supplies. Speira does not plan forced redundancies.Speira is a global aluminium rolling and recycling company, consisting of seven manufacturing facilities, as well as one R&D center. Locations are in Germany and Norway including our Joint Venture Alunorf, the world´s largest aluminium rolling mill, the plant in Grevenbroich, the world´s largest rolled aluminium finishing mill, 2 / 2 as well as several international sales offices. Speira employs around 5,000 people mainly in Germany and Norway. Speira operations are built on more than a century of aluminium rolling and recycling experience and technical expertise for aluminium products. Speira is proud to serve some of the best-known companies in the global automotive, packaging, printing, engineering, building and construction industries.