Alcoa Sued Over $10.8 Billion Saudi Arabia Smelter Construction

  • Samsung Engineering seeks $200 million-plus for `misconduct'
  • Company allegedly committed intimidation, threats of assault

Alcoa Inc. has been accused of misconduct over the construction of a $10.8 billion facility to mine and produce aluminum in Saudi Arabia.

Samsung Engineering Co. seeks at least $202 million in damages, saying that New York-based Alcoa engaged in “egregious corporate misconduct,” including intimidation, racist insults and threats of assault, according to a lawsuit complaint filed Tuesday in New York state Supreme Court.

An Alcoa spokeswoman, Monica Orbe, declined to comment on the suit.

Alcoa is the largest U.S. aluminum producer. Its Ma’aden facility comprises a bauxite mine, refinery, smelter and rolling mill in Ras Al Khair on the east coast of Saudi Arabia. The facility produced 757,833 metric tons in 2015, according to company documents. Alcoa owns 25.1 percent of the venture with the Saudi Arabian Mining company.

Related tickers:
AA US (Alcoa Inc.)
028050 KS (Samsung Engineering Co.)

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