May 10, 2012

Alcoa Canada Global Primary Products will invest roughly $75 million in Québec in 2012

This year, Alcoa Canada Global Primary Products (GPP Canada) will invest roughly $75 million in the communities of Bécancour, Deschambault and Baie-Comeau, the three locations where it operates smelters. The investments include various projects and share a common goal: to ensure the sustainability of the company’s activities in Québec.

In order to enhance its competitiveness, GPP Canada plans to allocate about $62 million designed to maintain its operations and to reduce costs. These include the modernization of Baie-Comeau’s port facilities, the refurbishment of a transformer also in Baie-Comeau, an amperage increase project at its smelter in Deschambault, and a major reconstruction of the baking furnaces of the carbon division of the Bécancour facility. The company will also be investing about $10 million in projects designed to improve occupational health and safety, the environment, and energy efficiency.
 
“These investments are in conjunction with those announced in November 2011 for the modernization of our plant in Baie-Comeau,” said Martin Brière, vice-president, Operations, GPP Canada. “These investments are substantial and clearly illustrate Alcoa’s intention to pursue its activities in Québec for many years to come.”
 
Alcoa has long been contributing to Québec’s economy as well as to the economy of the communities in which it operates. “We are very proud of what we accomplish at the local level. The company’s operations in Québec and Canada are known worldwide, and we firmly intend to continue down this path,” said Brière.
 
About Alcoa Canada Primary Products (GPP Canada)
In Québec, Alcoa Canada Primary Products (GPP Canada) is comprised of the Bécancour (ABI), Baie-Comeau and Deschambault smelters, as well as the Bécancour Rod Plant. These four plants have an annual production capacity of over one million metric tons of ingots, castings, billets, and aluminum rods. In Québec, Alcoa counts roughly 3,200 employees and its activities generate over $1.3 billion in economic spin-offs annually. Further information is available at www.alcoa.com/canada.
 
About Alcoa
Alcoa is the world’s leading producer of primary and fabricated aluminum, as well as the world’s largest miner of bauxite and refiner of alumina. In addition to inventing the modern-day aluminum industry, Alcoa Innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for 10 years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.