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November 29, 2006

Alcoa Howmet's Morristown, Tennessee Facility Expands Capacity

CLEVELAND--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced today that it will invest more than $6 million to expand core manufacturing capabilities at its Howmet Product and Services’ Morristown, Tennessee operation. Construction for the 16,000 square-foot addition to the plant began this month.

According to Matt Kilgore, manufacturing manager at the Alcoa Howmet facility, the addition will be completed mid-2007 and become fully operational by the end of the year. “We are installing a high-temperature tunnel kiln that will exceed the capacity of our existing kiln by approximately 10 percent. The expansion will also include a full complement of new prebake ovens, computerized numerical control (CNC) machines and Tempcraft presses.

“Aerospace customers are placing unprecedented demands on our capacity; relieving that constraint on our current kiln is the most effective way to support customers’ growth opportunities,” said Kilgore. Expanding the facility’s capability to produce alumina core bodies will enable the organization to respond in a timely manner to current and estimated future demand.

“This multi-million dollar investment demonstrates to customers that we are committed to supporting their growth during this dynamic cycle of aerospace activity,” said Kilgore.

Alcoa is the world’s leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa’s businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wraps® foils and plastic wraps, Alcoa® wheels, and Baco® household wraps. Among its other businesses are closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 129,000 employees in 43 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland. More information can be found at www.alcoa.com