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ZALCO in talks with 8 possible buyers

Reuters reported that bankrupt primary aluminum producer ZALCO is in talks with eight potential buyers for a takeover of part or all of its plant in Zeeland, the Netherlands.

ZALCO which has a production capacity of 275,000 tonnes per year of aluminum, filed for bankruptcy in mid December. The plant, which had employed 500 people was shut down a few days later due to lack of funding to pay energy suppliers.

Ernst Butterman one official said that "We have now started the bidding process and there are eight parties interested so far. He added that They got all the information from us, and we are now waiting for their offers."

The interested parties, which include local and international companies and financial and physical players, have a few weeks to submit their bids for the plant or parts of it.

ZALCO's production facilities include two furnaces for producing anodes, 512 electrolysis baths for making primary aluminum and two recycling furnaces, 10 preparation furnaces and four homogenization furnaces for end products.

Sourced from Reuters

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