Glencore plc

Bankruptcy Court Judge Ratifies Closure Agreement for Sherwin Alumina

Bankruptcy Court Judge Ratifies Closure Agreement for Sherwin Alumina

Seven-hundred fifty-five days after the lockout began, an agreement to officially close Sherwin Alumina Co.’s plant in Texas is finally in place. A bankruptcy judge approved the agreement on Thursday, which will allow for the payment of severance benefits to the plant’s...

Events

Sherwin Alumina to Close Texas Refinery

Sherwin Alumina Co. announced yesterday that it is closing its plant in Gregory, Texas. The closing is part of Sherwin’s Chapter 11 bankruptcy liquidation plan. According to the company, the plant, which is located about 200 miles southwest of Houston, is a casualty of the bankruptcy court’s releasing of Noranda Bauxite Ltd. from its supply […]

Glencore Subsidiary Buys Sherwin Alumina at Bankruptcy Auction

Texas’ Corpus Christi Alumina (CCA) purchased the assets of Sherwin Alumina at auction last week, winning the bid with a US$54 million offer. Both companies are subsidiaries of Anglo-Swiss multinational commodity trading and mining company Glencore plc. Although the Port of Corpus Christi submitted a bid, court filings indicated that Sherwin had a pre-existing plan […]