Noranda buys back more debt
Posted on November 6, 2009 at 2:11 pmThird-quarter losses at Franklin-based Noranda Aluminum hit the middle of its previously projected range, coming in at $4.3 million. The company also bought back more than $80 million in debt during the quarter, pushing its year-to-date total in that deparment to almost $300 million.
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Noranda nursing smelter back to health
Posted on October 1, 2009 at 7:42 amAluminum producer Noranda is bringing back 38 workers to restart one of its lines at a Southeast Missouri plant that was all but knocked out by an ice storm early this year. The Franklin-based company also is getting $8 million in training and equipment incentives from Missouri officials.
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Noranda cranks it up
Posted on September 3, 2009 at 6:57 am
Having acquired full ownership of a Jamaica bauxite mine and a Louisiana alumina refinery, Franklin-based Noranda Aluminum says it will increase production to feed its 44-acre Missouri plant, an aerial view of which is at left.
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Noranda to post Q2 loss
Posted on July 27, 2009 at 8:07 amFranklin-based aluminum maker Noranda says it expects to book a second-quarter loss of between $2 million and $23 million. The quarter included plenty of one-time charges — positive and negative — related to debt buybacks, hedging activities and asset writedowns.
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Insurer’s check in the mail for Noranda
Posted on June 25, 2009 at 8:31 amAluminum producer Noranda will get $44 million to settle some of the claims stemming from a January ice storm that knocked out its large Missouri plant. In its most recent quarterly report, the Franklin-based company has $77 million of coverage. (Search for ‘January 26.’)
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Noranda goes into the red
Posted on February 19, 2009 at 9:46 amFalling end prices and $35 million in costs associated with a round of layoffs pushed Franklin-based Noranda Aluminum to post a $72.3 million loss last quarter. On top of that, some of the company’s input prices are rising and the recent ice storms have shut down a large plant until at least the fall.
Not so good when you’re trying to go public.
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Storm knocks out Noranda production
Posted on January 29, 2009 at 11:11 amThe Franklin-based aluminum producer says three-quarters of its Missouri plant sits idle and will take months to get going again.
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