In 2011, Alcoa Canada Global Primary Products facilities generated economic spinoffs of more than $1.3 million in Québec, including $750 million in the regions where we operate. These numbers represent only direct economic spinoffs, namely the salaries we pay our 3,000 employees, the taxes and income taxes paid to the province of Québec, and purchases we made from our suppliers, most of whom are local.
In 2008, we announced the modernization of the Baie-Comeau Smelter, with direct investments of $1.2 billion. This project was greeted with a great sense of relief in the Baie-Comeau region. There were fears that, had we not been able to establish the right conditions for the mod¬ernization, this great economic engine that has contributed to the region’s vitality for more than 50 years might close. Shortly after the announcement, there came a major economic crisis that forced many companies to reconsider their investment projects. This was not the case for Alcoa which, in addition to pursuing the modernization project according to schedule, added another $900 million in investments to optimize production at all of its Québec plants.
The magnitude of these investments, the increased competitiveness they will bring our facilities and the very nature of our activities confirm that Alcoa Canada Global Primary Products will remain a major economic force in our host communities across Québec.
The economy remains volatile and competition is increasingly fierce. But our dedication and the dedication of Alcoa Foundation to our communities, along with Alcoa’s decision to invest in Québec for its North American aluminum production, give us confidence in the future of our company and of the communities where we are
evolving.
Economic spinoffs of Alcoa Canada Global Primary Products plants in Québec, in 2011*
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Baie-Comeau Smelter
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Bécancour Smelter**
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Deschambault Smelter
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Bécancour Rod Plant
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Direct spinoffs, in salaries, purchases, taxes and income taxes
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$549M
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$494M
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$309M
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$30M
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Including direct local spinoffs of
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$264M
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$237M
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$111M
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$13M
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