Alcoa Completes Iowa Auto Expansion
Alcoa completed a $300 million expansion at its Davenport, Iowa, facility. The project is creating 150 full-time jobs and created an additional 150 jobs during the construction phase. With the amount of aluminum body sheet content in North American vehicles expected to quadruple by 2015 and increase tenfold by 2025 from 2012 levels, the Davenport plant is dedicated to supplying aluminum sheet products to the industry. Long-term supply agreements have already been secured for the Davenport facility. In addition to this expansion, Alcoa is adding automotive capacity in Alcoa, Tenn., which is scheduled to be complete in mid-2015, and at its joint-venture rolling mill in Saudi Arabia.