Alcoa plans $275M expansion, adding 200 jobs
ALCOA, TN (NEWS SENTINEL) - Alcoa Inc. said Thursday it will invest $275 million over the next three years to expand its Blount County plant "to meet the growing demand for light, durable and recyclable aluminum sheet for automotive production."
The expansion will add 200 jobs when completed, the company said in a news release.
"Our Tennessee expansion is a great example of how Alcoa's edge in technology and innovation is capturing growth opportunities in our value-added mid- and downstream businesses," Alcoa Chairman and CEO Klaus Kleinfeld said in a statement. "More and more auto producers are turning to aluminum to increase the fuel efficiency and quality of their vehicles – we anticipate a quadrupling of auto sheet volume by 2015 and a tenfold increase by 2025.
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