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Alcoa to Sell Gum Springs Facility to Veolia ES Technical Solutions-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
3/3/2020 弹簧展- Spring Industry Exhibition-Spring expo |
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Alcoa Corporation has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions in a transaction expected to close in the first quarter of 2020. According to the terms of the agreement between the parties, Alcoa will receive USD 200 million in cash at closing for the sale of Elemental Environmental Solutions, a wholly-owned subsidiary of Alcoa Corporation that owns the 1,300-acre hazardous waste treatment business in Gum Springs. An additional USD 50 million will be paid to Alcoa if certain post-closing conditions are satisfied. The sale is subject to regulatory approval and customary closing conditions.
The Gum Springs facility employs approximately 70 people and specializes in various environmental management processes, including the use of two permitted hazardous waste incinerators and a landfill. The site has traditionally processed spent pot lining for the North American smelter industry, and the transaction includes a multi-year agreement to continue those services for Alcoa.
弹簧展-2020第二十一届广州国际弹簧工业展览会-全球最大弹簧展会-巨浪展览
-The 21st China (Guangzhou) Int’l Spring Industry Exhibition
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