Alcoa To Expand Aerospace Sheet/Plate Production by 50% to Capture Growth Opportunities
June 8, 2005
Alcoa (headquartered in Pittsburgh, Pa.; http://www.alcoa.com) is increasing its global aerospace heat-treated sheet and plate production by approximately 50 percent over the next 18 months in order to respond to orders from its aerospace customers. Build rates for aircraft are expected to grow strongly over the next several years. Alcoa will achieve this additional capacity through productivity improvement and capital investment of approximately $60 million across rolling mills in four countries. Heat treat expansions are taking place in the following Alcoa mills: Davenport, Iowa; Kitts Green, UK; Fusina, Italy and Belaya Kalitva, Russia.