Anglesey Aluminium Metal (AAM) has announced that it will close down in September due to the lack of an energy supplier, reports the BBC.
The Holyhead plant is the largest single user of electricity in the UK and uses over ten per cent of Wales' electricity supply. The factory has been unable to find a business energy supplier to cater for its electrical needs following the imminent closure of the Wylfa nuclear plant. The factory employs 500 people, although details have yet to be provided as to how many jobs are directly threatened.
David Bloor, managing director of Anglesey Aluminium, told the BBC: "We have worked hard over many months in our efforts to extend the existing power contract beyond September of this year but have not yet been successful."
Mr Bloor added that appropriate measures would be taken in a bid to safeguard jobs and reduce the impact of closure on the local economy.
Anglesey MP Albert Owen said he was optimistic that an arrangement could still be reached with an alternative business energy supplier.
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