KAISER ALUMINUM CORP
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
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Item 2. Properties
The following table provides information regarding the location, size, and ownership of our principal production facilities as of December 31, 2024:
| Location | Squarefootage | Owned orLeased |
|---|---|---|
| Chandler, Arizona | 98,000 | Leased1 |
| Chandler, Arizona | 103,000 | Leased2 |
| Columbia, New Jersey | 33,000 | Owned |
| Florence, Alabama | 249,000 | Owned |
| Jackson, Tennessee | 306,000 | Owned |
| Kalamazoo, Michigan | 465,000 | Leased2 |
| London, Ontario | 306,000 | Owned |
| Los Angeles, California | 174,000 | Owned |
| Heath, Ohio | 1,284,000 | Owned |
| Newburgh, Indiana | 3,922,000 | Owned/Leased3 |
| Richland, Washington | 63,000 | Leased4 |
| Richmond, Virginia | 474,000 | Owned |
| Sherman, Texas | 311,000 | Owned5 |
| Spokane Valley, Washington | 2,886,000 | Owned/Leased6 |
| Total | 10,674,000 |
The Chandler, Arizona extrusion facility is subject to a lease with a term that expires in 2038, subject to certain extension rights held by us.
The Chandler, Arizona tube, and Kalamazoo, Michigan facilities are each subject to leases with terms that expire in 2033, subject to certain extension rights held by us.
The Newburg, Indiana facility is owned by us, while the land where the rolling mill is located is subject to a lease with a 2081 expiration date and a renewal option subject to certain terms and conditions.
The Richland, Washington facility is subject to a lease with a 2025 expiration date, subject to certain extension rights held by us.
During the quarter ended June 30, 2024, we initiated a plan to exit our soft alloy aluminum extrusion facility located in Sherman, Texas. See Note 12 of Notes to Consolidated Financial Statements included in this Form 10-K for a description of our 2024 Restructuring Plan related to this facility.
The Spokane Valley, Washington facilities consist of 2,765,000 square feet, owned by us, and 121,000 square feet, which is subject to a lease with a 2025 expiration date.
Production facilities and equipment are generally in good condition and suitable for their intended uses. For additional information regarding our production facilities, see the table under Item 1. Business “Resources - Manufacturing Processes” of this Form 10-K.
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