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Alcoa Breaks Ground on $275M Tennessee Auto Expansion

Tennessee Governor Bill Haslam, U.S. Senator Lamar Alexander,
Congressman John Duncan and other local and state officials joined Alcoa
(NYSE: AA) Chairman and CEO Klaus Kleinfeld today to break ground on a
$275 million expansion of Alcoa's Tennessee Operations to meet growing
aluminum demand for auto production. Aluminum, already the number two
material used to build cars, is expected to nearly double by 2025.

The expansion will create an additional 200 full time jobs in Tennessee
once completed by mid-2015. In addition, during construction, an
incremental 400 construction jobs will be created at the plant. The
previously announced expansion will convert some of the plant's can
sheet capacity to high-strength automotive aluminum capacity, as well as

See full press release

Posted-In: News Guidance Financing Contracts Asset Sales Management M&A Global

 

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