The Argentine giant Aluar Aluminio Argentino SAIC has been slashing production at one of its aluminium plants amid close-down related to the coronavirus pandemic apart from the indication that global light metal production is slowing down.
The Buenos Aires-based producer said in a statement that “it is reducing production by an additional 25% at its Puerto Madryn plant in the south, in response to country's nationwide shutdown.”
As per the government’s notice companies in core businesses can continue to operate, but must take mitigation measures, including employing as few people as possible.
Following a similar cut this month, Aluar said “it had now put 50% of its capacity in Puerto Madryn out of business. The plant has a total capacity of 460,000 tonnes and produced 427,000 tonnes in the year to June 2019.”
Companies around the globe have been reducing their operations as staffs are ordered to stay at home to resist the coronavirus spread out.
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