Kaiser Aluminum
 |
|
| Public | |
| Traded as |
NASDAQ: KALU S&P 600 Component |
| Industry | Aluminum |
| Founded | 1946 in Washington state |
| Headquarters | Principal: Foothill Ranch, California Operational: Washington state |
|
Key people
|
Jack A. Hockema – President and C.E.O. |
| Products | Rolled aluminum, milled aluminum |
| Revenue |
 US$740 million
|
|
US$ 70 million |
|
|
Number of employees
|
2,000 (2005) |
| Website | Official website |
Kaiser Aluminum an American aluminum producer is a spinoff from Kaiser Aluminum and Chemicals Corporation which came to be when common stock was offered in Permanente Metals Corporation and Permanente Metals Corporation's name was changed to Kaiser Aluminum and Chemicals Corporation.Henry J. Kaiser's corporation entered the aluminum business by leasing, then purchasing three government-owned aluminum facilities in Washington state. These were the primary reduction plants at Mead and Tacoma, and the rolling mill at Trentwood. The company grew to be a vertically integrated aluminum producer. Kaiser currently owns 12 fabricating plants that can produce more than 400,000,000 pounds (180,000 long tons) of aluminum annually. The company also owns a 49 percent interest in an aluminum smelter in Wales. The North American plants produce approximately 500,000,000 pounds (220,000 long tons) per year of value-added sheet, plate, extrusions, forgings, rod, bar, and tube. Kaiser previously owned a subsidiary that developed real estate, including Rancho California, California.
Kaiser Aluminum is headquartered in Foothill Ranch, California. In 2005, it recorded revenues of roughly US$1.1 billion and employed more than 2,000 people at eleven fabricating facilities throughout North America.
Kaiser Aluminum filed for bankruptcy in 2002 due to labor disputes, the West Coast energy crisis, and asbestos liabilities. It emerged from bankruptcy four years later.
In March 2006, Kaiser Aluminum determined to restate its financial statements for the quarters ended March 31, 2005; June 30, 2005; and September 30, 2005, to adjust its VEBA-related payments and derivative financial instrument transactions.
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Wikipedia