EMCC European Monitoring Centre on Change

Alteo Gardanne

Company/Organisation:
Alteo Gardanne

Geographic Location

Country: France
Region: Bouches-du-Rhône; Provence-Alpes-Côte d\'Azur; Méditerranée
Location of affected unit(s): Gardanne

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.42 - Aluminium production
Number Employed: 480
Group: United Mining Supply

Employment Effects

Announcement Date: 07-01-2021
Planned Job Reductions min: 98
Planned Job Reductions max: 98
Type of Restructuring: Merger/Acquisition
Employment Effect Start: 01-02-2021
Foreseen End Date: 31-12-2021

Additional Information

On 7 January, the Commercial Court of Marseille appointed mining logistics specialist United Mining Supply (UMS) to take over the world leader in specialty alumina, Alteo Gardanne. UMS was the only group vying to take over the company. This takeover envigages the loss of 98 jobs out of the site's 480. The takeover is accompanied by an investment of €30 million (plus €10 million in working capital) to commission a new furnace for the production of very high value-added alumina. With this investment, which will be fully operational in five years, UMS intends to double the plant's capacity and increase its turnover from €177 million last year to €260 million.

UMS has a turnover of 300 million dollars and employs 4,000 people to manage, in particular, the export of minerals to China.

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