Noranda Aluminum files for bankruptcy

4 years 1 week 3 days ago Tuesday, February 09 2016 Feb 9, 2016 Tuesday, February 09, 2016 10:19:00 AM CST February 09, 2016 in News
By: The Associated Press

ST. LOUIS (AP) — One of North America's biggest makers of aluminum foil is seeking bankruptcy protection, saying it plans to halt production at a southeastern Missouri smelter within weeks.

Noranda Aluminum Holding Corp. made the Chapter 11 filing Monday in St. Louis.

The company based in Franklin, Tennessee, refines aluminum and mines bauxite. It said it planned to sell its flat-rolled products business and next month halt the last remaining, 400-worker production line at a smelter in New Madrid, Missouri.

Noranda said falling aluminum prices, incidents at the New Madrid plant, high electricity prices, unsuccessful arbitration with the Jamaican government and a below-market contract with a key customer prompted the bankruptcy filing.

Noranda President and CEO Kip Smith said the court-supervised process "will provide us with time and financial flexibility to evaluate options."

More News

Grid
List
JEFFERSON CITY - State lawmakers on the House Elections and Elected Officials committee heard testimony on a bill that could... More >>
27 minutes ago Wednesday, February 19 2020 Feb 19, 2020 Wednesday, February 19, 2020 12:59:00 PM CST February 19, 2020 in News
COLUMBIA - A Fulton man has been sentenced to 20 years in prison for a 2018 Columbia homicide. 30-year-old... More >>
1 hour ago Wednesday, February 19 2020 Feb 19, 2020 Wednesday, February 19, 2020 12:23:00 PM CST February 19, 2020 in News
JEFFERSON CITY - Missouri Attorney General Eric Schmitt announced his candidacy to keep the seat Wednesday. Schmitt was appointed... More >>
3 hours ago Wednesday, February 19 2020 Feb 19, 2020 Wednesday, February 19, 2020 10:13:00 AM CST February 19, 2020 in News
Loxahatchee, FL – According to the national institute of mental health, nearly one in five people in the United States... More >>
4 hours ago Wednesday, February 19 2020 Feb 19, 2020 Wednesday, February 19, 2020 9:20:00 AM CST February 19, 2020 in A Brighter Tomorrow
FERGUSON, Mo. (AP) — The man suspected of shooting an off-duty police officer at a Walmart store in the... More >>
16 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 8:53:16 PM CST February 18, 2020 in News
JEFFERSON CITY - One Missouri advocacy group will show up in numbers to support its cause on Wednesday. Decoding... More >>
17 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 7:50:00 PM CST February 18, 2020 in News
COLUMBIA-- Lawyers for a Columbia businessman, Dimetrius Woods, are employing last ditch efforts to keep him out of prison. ... More >>
18 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 7:00:00 PM CST February 18, 2020 in News
MOBERLY - People in Moberly are excited about the announcement Plumrose USA made Tuesday. The company is set to bring... More >>
18 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 6:56:00 PM CST February 18, 2020 in News
BOONE COUNTY - A deer was saved today at Lake Chapperal, north of Hallsville, by The Boone County Fire Protection... More >>
20 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 5:21:00 PM CST February 18, 2020 in News
COLUMBIA - Columbia Police Chief Geoff Jones issued a statement on Tuesday about police transparency, following the release of a... More >>
20 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 5:06:00 PM CST February 18, 2020 in News
JEFFERSON CITY - One lane of U.S. Route 54 in Jefferson City will be closed on Feb. 20. Missouri... More >>
22 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 2:59:00 PM CST February 18, 2020 in News
JEFFERSON CITY - Hundreds of Moms Demand Action members flooded the Missouri Capitol today wearing red in support of legislation... More >>
22 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 2:48:00 PM CST February 18, 2020 in News
MARIES COUNTY - Gary Martin Traver's Jr., the man recently arrested for an arson that injured six Vienna fireman in... More >>
22 hours ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 2:39:00 PM CST February 18, 2020 in News
JEFFERSON CITY - A bomb threat to the Cole County courthouse Tuesday morning caused both the courthouse and annex to... More >>
1 day ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 1:06:00 PM CST February 18, 2020 in News
JEFFERSON CITY — If you rent in the City of Columbia, you might have better living conditions than some people... More >>
1 day ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 12:48:00 PM CST February 18, 2020 in News
ASHLAND - Ashland City Administrator Tony St. Romaine received a proposed new employment contract from Ashland Chief of Police Lyn... More >>
1 day ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 12:21:00 PM CST February 18, 2020 in News
COLUMBIA - Free from the burden of a Missouri Ethics Commission investigation, could former Governor Eric Greitens be gearing up... More >>
1 day ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 12:17:00 PM CST February 18, 2020 in News
JEFFERSON CITY, Mo. (AP) — A decision on whether Missouri’s only abortion clinic can keep its license will be pushed... More >>
1 day ago Tuesday, February 18 2020 Feb 18, 2020 Tuesday, February 18, 2020 10:42:00 AM CST February 18, 2020 in News
Columbia, MO
Broken Clouds 40°
2pm 41°
3pm 42°
4pm 40°
5pm 39°