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| May 2, 2007
Alcoa Announces Expansions in Aerospace Propulsion, Fastening and Aluminum Manufacturing Facilities
NEW YORK--(BUSINESS WIRE)--Alcoa (NYSE:AA) announced the completion of multiple global
manufacturing expansions during an Alcoa Aerospace industry briefing
where company executives outlined aerospace growth prospects, market
dynamics, technology breakthroughs and Alcoa’s
actions enabling it to grow faster than the market. The expansions
reflect the company's strong outlook for the aerospace sector in power
and propulsion, fastening systems and structural metallics.
Expansions in aluminum manufacturing capacity were completed at Alcoa
mills in four countries, reinforcing the company's leading position in
aerospace structural metallics and solutions. New capabilities in the
company's heat-treated sheet and plate capacity were announced in
Davenport, Iowa, USA; Kitts Green, UK; Fusina, Italy; and Belaya
Kalitva, Russia. These additions represent a 50% expansion in these
critical aerospace product forms.
Expansion of Alcoa's Power and Propulsion Systems' global manufacturing
capabilities have included a new airfoil post-cast operation in
Szekesfehervar, Hungary, an expansion of airfoil post-cast operations in
Acuna, Mexico, expansion of turbine airfoil casting capacity in
Whitehall, Mich., and additional turbine airfoil core capacity in
Morristown, Tenn. The company also told aerospace analysts and
journalists that it plans to bring on line five additional
single-crystal casting furnaces in the next two quarters.
Alcoa Fastening Systems has expanded its global aerospace fastener
manufacturing capacity and capabilities with the opening of new
facilities in Suzhou, China and Acuna, Mexico; and through the addition
of new manufacturing capacity and capabilities in Nemesvamos, Hungary.
These investments will result in a 12% increase in the manufacturing
capacity of specialty fasteners for both airframe and engine
applications by the end of 2009.
Productivity gains at all Alcoa aerospace locations have been realized
via the Alcoa Business System (ABS), including an intensive effort of
Total Production Maintenance (TPM). TPM involves employees at all levels
of the organization working together to improve the operational
availability of critical manufacturing equipment.
Alcoa’s $3.1 billion aerospace portfolio
includes: Alcoa Fastening Systems (approx. 25 percent of revenues);
Alcoa Power and Propulsion (approx. 35 percent); and Alcoa’s
sheet, plate and hard alloy extrusions serving the structures market
(approx. 40 percent).
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 including flat-rolled products, hard alloy
extrusions, and forgings, Alcoa also markets Alcoa®
wheels, fastening systems, precision and investment castings, structures
and building systems. The company has 122,000 employees in 44 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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