Alcoa plans $275M auto sheet expansion
May 02, 2013 | 09:49 AM
| Michael Cowden
CHICAGO Alcoa Inc. plans to invest $275 million over the next three years to boost aluminum sheet capacity at its rolling mill in Alcoa, Tenn., to meet increasing demand from the auto sector.
The Pittsburgh-based producer will add automotive aluminum capacity to the plant as well as convert some of its can sheet capacity to high-strength automotive aluminum production, the company said May 2.
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 2015, Alcoa chairman and chief executive office Klaus Kleinfeld said in a statement. ....
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