Aluminum Holding Corp. will invest $45 million to build an
80,000-square-foot expansion at its operation in New Madrid,
The expansion will
allow the facility to make redraw rod for electrical
infrastructure applications, Missouri Gov. Jay Nixons
office said in a release. The project is expected to create 29
The expansion is for a
new rod mill that company executives previously discussed, a
Noranda spokesman confirmed to AMM.
financial officer Robert Mahoney said during the companys
second-quarter earnings conference call July 24 that the rod
mill would be in New Madrid (
amm.com, July 24). "Other than Bob said it on the
call ... weve never really said it was in New Madrid,"
the spokesman said.
Noranda will receive a package of incentives from the state of
Missouri if the company meets job-creation and investment
The New Madrid smelter
accounts for about 13 percent of U.S. primary aluminum
production, Noranda president and chief executive officer Layle
"Kip" Smith said in a statement. "Missouris skilled work
force and competitive business climate have allowed us to
compete in the global market, and we look forward to our
continued growth in aluminum production."
The New Madrid
smelter, built in 1968, is one of the biggest employers in
southeast Missouri, with more than 1,000 workers.