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June 9, 2003
Alcoa Chooses Bechtel and Icelandic Consortium HRV To Build Project in East Iceland
PITTSBURGH & REYKJAVIK--(BUSINESS WIRE)--June 9, 2003--Alcoa today
announced that it has chosen Bechtel and its partner, an Icelandic
engineering consortium, HRV (Honnun, Rafhonnun, VST), to design and
build its new plant in East Iceland, which is being designed for
production of 322,000-metric-ton-per-year of primary aluminum.
"We are pleased to have a project team that combines the global
breadth of Bechtel and the best talent from Iceland, to leverage the
more than 100 years of Alcoa expertise in primary metals," said Mike
Baltzell, President of Alcoa Primary Metals Development. "By
leveraging Alcoa's leading technology and expertise in metals, the
team can design and create a world-class facility that also meets the
unique needs of the East Iceland community," he said.
Bechtel and the Icelandic group plan to maximize the use of
Icelandic firms and local workers on the project. Design work on the
project will begin in the second half of 2003, but work on the site is
not expected to start until the fourth quarter of 2005. The project is
expected to cost approximately $1 billion and will be completed in the
second half of 2007.
The construction and operation of the aluminum plant will help
strengthen the economy of East Iceland, which is now heavily dependent
on the fishing industry. The construction phase for the facility is
expected to involve approximately 2300 man-years, and, when fully
operational, the plant will employ approximately 450 people. Another
300 related jobs will be created in related industry, service and
Bechtel and HRV, with support from K-Home Engineering, will work
with Alcoa to design an ultra-efficient plant that has minimal
environmental impact. The design will not incorporate an on-site
disposal area for spent pot lining, a by-product of the aluminum
production process. Carbon anodes will not be manufactured at the
Iceland plant, eliminating a source of sulfur dioxide (SO2), nitrogen
oxide (NOX) and hydrocarbon (PAH) emissions. The plant will be
designed to achieve Alcoa's strict, self-imposed sustainable
development objectives, including zero process water discharge.
Bechtel will perform engineering, procurement, and project
management functions in Montreal, home of its global Aluminum Center
of Excellence. Bechtel established the center in 2002 to strengthen
its commitment to Quebec, while recognizing Montreal as a world center
for the aluminum industry.
Bechtel Group, Inc. is one of the premier engineering,
construction, and project management companies, with 1,000 current
projects in more than 60 countries and a workforce of 47,000. Bechtel
has served the aluminum industry for more than 30 years, installing
nearly 3 million metric-tons-per-year of aluminum smelter capacity.
Alcoa is the world's leading producer of primary aluminum,
fabricated aluminum and alumina, 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 as a single solution to customers.
In addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap(R) aluminum foil, Alcoa(R)
wheels, and Baco(R) household wraps. Among its other businesses are
vinyl siding, closures, precision castings, and electrical
distribution systems for cars and trucks. The company has 127,000
employees in 40 countries. For more information go to www.alcoa.com.
Note to Editors: There should be an umlaut over the "o" in
"Honnun" and "Rafhonnun" above. The umlauts were omitted for