CHICAGO Alcoa Inc. plans to invest $52 million through
2015 to modernize its operations in Massena, N.Y., including
site work and support projects ahead of the planned
construction of a new potline at its Massena East facility.
If the proposed investment moves forward, work is expected to
begin in June 2013, the Pittsburgh-based aluminum producer
Modernizing Massena will help us move farther down the
aluminum cost curve, Alcoa executive vice president and
president of global primary products Chris Ayers said in a
This latest phase of a minimum $600-million investment at the
Massena facility hinges upon Alcoa receiving approval to
rehabilitate the Grasse River, the company said. The U.S.
Environmental Protection Agency last year released Alcoas
$85-million plans for cleaning up roughly four decades
worth of pollutants from the upstate New York river (
amm.com, Oct. 4
The planned investment in Massena also comes as part of a new
power supply contract between Alcoa and the New York Power
Authority (NYPA), a utility based in White Plains, N.Y.
The NYPA has agreed to supply power to Alcoas Massena
operations for another 30 years after a current contract
expires in 2013, Alcoa said, noting that it has the option to
extend the deal by another 10 years. But to secure that power
arrangement, Alcoa must invest at least $600 million in total
to modernize its facilities, it said.
Alcoa operates two smelters at its Massena facility that have a
combined nameplate capacity of 252,000 tonnes per year,
according to the company website.