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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
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