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May 14, 2012

Hulamin shuts damaged KZN mill for repairs

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Hulamin|Aluminium Products Producer|Business Interruption Insurance|Products|Thicker Gauge Plate Products
Hulamin|Products|
hulamin|aluminium-products-producer|business-interruption-insurance|products|thicker-gauge-plate-products
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JSE-listed aluminium products producer Hulamin on Monday reported that it stood to lose 23 000 t of production as its Camps Drift hot finishing mill, in Pietermaritzburg, which was being repaired.

The mill was shut down owing to a component failure and was expected to be restarted by June 11, the company said in a statement.

Subsidiary Hulamin Rolled Products would continue to produce thicker gauge plate products, while the plant’s twin roll casters would continue to operate and all inventory would be processed.

Meanwhile, a planned shutdown, in the Camps Drift remelt was brought forward to coincide with the repair, and the labour requirements were adjusted accordingly.

Hulamin carries cost of repair and business interruption insurance. A claim will be submitted once losses have been finalised.
 

Edited by: Mariaan Webb
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