Davenport not enough for auto growth: Alcoa

Apr 09, 2013 | 03:16 PM | Suzy Waite

Tags  Alcoa, Klaus Kleinfeld, quarterly earnings, Davenport plant, automotive, Suzy Waite

NEW YORK — Alcoa Inc.’s $300-million automotive expansion at its Davenport, Iowa, facility won’t be enough to meet future demand from the sector, chairman and chief executive officer Klaus Kleinfeld said in a conference call with analysts following the release of the company’s first-quarter earnings results.

"I can tell you Davenport is not enough," he said. "Davenport is basically sold out even though we haven’t even built the automotive (expansion)."....

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