Alcoa, New York reach deal to prevent Massena aluminum smelter closure
REUTERS 10:38 AM ET 11/24/2015
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NEW YORK, Nov 24 (Reuters) - Alcoa Inc(AA) and New York state reached a deal to keep the Massena West, New York aluminum smelter, which had previously been slated for curtailment, open for 3-1/2 years, the company announced on Tuesday.
The state's power authority will provide $30 million in power assistance, and New York'sEconomic Development Commission will provide $38.8 million in capital and operating expenses to modernize the plant, Governor Andrew Cuomo said at a news conference at the plant. (Reporting By Luc Cohen; Editing by Chizu Nomiyama)
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