United Company Rusal plc Announces Sales and Operating Results for the First Quarter 2015; Provides Production Guidance for the Year 2015
The company reported sales volumes amounted to 942,000 tons against 848,000 tones a year ago. The company increased sales last quarter to compensate for shipment delays caused by port weather conditions in October-November 2014.
The company management expects flat YoY aluminium production volumes in 2015. The company does not plan restarting of aluminium smelters idled in 2013. The management currently goes through a review of company's smelting capacity that may result in idling of up to 200,000 tons of smelting capacity.