Maroto offers public aid to Alcoa owners to make sure they will unclog the sale of their Lugo factory

Strike of the Minister of Industry, Trade and Tourism, Kings Maroto, to guarantee the future of Alcoa's primary aluminum factory in San Cibrao (Lugo). This M

Maroto offers public aid to Alcoa owners to make sure they will unclog the sale of their Lugo factory

Strike of the Minister of Industry, Trade and Tourism, Kings Maroto, to guarantee the future of Alcoa's primary aluminum factory in San Cibrao (Lugo). This Monday she took advantage of the first day of her official visit to the United States to meet at Pittsburg (Pennsylvania) with the world CEO of the company, Roy Harvey, and has achieved its commitment to unlock the factory sale process.

In addition, the industry manager is committed to doing everything necessary for the sales process to close "in the shortest possible time". Its objective is that the sale is announced "as late September 30" and that, in this way, we can "guarantee industrial skills and jobs" in the Mariña de Lugo region, which is in Vilo for the Possible loss of 500 jobs. Alcoa qualified that, during the meeting, Harvey agreed to review the government's proposal, but he did not commit to perform a direct sale to a third party.

The Minister moved the CEO of Alcoa a proposal "agreed with the Xunta de Galicia and the unions" in which everyone demanded the company to evaluate the four purchase offers that has received for this Galician factory and, as the Ministry has informed Term of the meeting, the multinational "has been receptive to our proposals."

The CEO is committed, according to transfers industry "to unlock the process of sale of the plant and to analyze the proposals" presented by Maroto, and has also set deadlines to this commitment and will respond "in the next two weeks."

The process of selling the factory of the town of Cervo has on the table four acquisition offers, but is blocked due to lack of understanding between the Ministry and the multinational on the role that the State Society of Industrial Participations (SEPI) should play of the Ministry of Finance. Until now, Alcoa insisted that this organism should buy the asset and then sell it to a third, solution that did not convince the government. Now, however, it seems that this block has been saved because, as confirms by the ministry, Roy Harvey "has recognized that he is willing to sell directly to third parties."

Reyes Maroto, meanwhile, has transferred the government's willingness to launch lines of public aid that can be applied to both the Industrial and Energy Plan of Alcoa. The proposal that the Minister put on the Bureau in Pittsburg includes the accompaniment of the Government in the industrial and labor plans agreed upon by the buying and selling parties with the "ultimate goal" of "Ensure the industrial future of the plant", including possible risks Overcome of the sales decision, hence the aid.

The minister insists that the Government of Pedro Sánchez is willing to "offer them the public accompaniment tools" necessary to "help them verify that the future buyer of the plant is solvent."

Updated Date: 25 July 2021, 06:33

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