Alcoa Restarting Indiana Aluminum Smelting Operations

The company will invest between $30 and $35 million to restart three idled lines at its aluminum smelting facility in southwest Indiana's Warrick County.


https://businessfacilities.com/2017/07/alcoa-restarting-indiana-aluminum-smelting-operations/
The company will invest between $30 and $35 million to restart three idled lines at its aluminum smelting facility in southwest Indiana's Warrick County.
Facebooktwittergoogle_plusredditpinterestlinkedintumblrmail

Alcoa Restarting Indiana Aluminum Smelting Operations

The company will invest between $30 and $35 million to restart three idled lines at its aluminum smelting facility in southwest Indiana.

Alcoa Restarting Indiana Aluminum Smelting Operations

Alcoa Corporation will invest between $30 and $35 million to restart three idled lines at its aluminum smelting facility in southwest Indiana. The lines will support Alcoa’s existing rolling mill at the facility, which produces flat-rolled aluminum for the food and beverage market in North America. The lines, which were previously shut down in March 2016, are expected to be fully operational by the second quarter of 2018. Once operational, the lines will have an annual smelting capacity of 161,400 metric tons.

Warrick
(Photo: Denny Simmons/Evansville Courier & Press)

“By restarting a portion of the Warrick smelter, we will provide an efficient source of metal for the co-located rolling mill and help it meet an anticipated increase in production volumes,” said Tim Reyes, president of Alcoa’s aluminum business unit. “The action will enable us to more fully utilize the assets at this integrated site for the benefit of our investors, customers, employees and the community.”

With the restart, the Pittsburgh-based company plans to grow its current workforce of 1,250 associates by adding an additional 275 new jobs, including those who will be hired or recalled from layoff status. This includes an anticipated 196 new high-wage jobs for Indiana residents.

“With its decision to restart operations in Indiana, Alcoa is showcasing the value that this facility and Indiana’s manufacturing expertise provide to its global operations,” said Governor Eric J. Holcomb. “In Indiana we’re witnessing incredible momentum as manufacturers continue to choose Indiana for growth, and we’re pleased that Alcoa once again chose Indiana.”

The Indiana Economic Development Corporation (IEDC) offered Alcoa up to $2.4 million in conditional tax credits and up to $100,000 in training grants based on the company’s plans to add 196 new full-time jobs for Indiana residents. The incentives are performance-based, so until employees are hired, the company is not eligible to claim them.

“We are pleased that Alcoa is reopening their smelter in Warrick County,” said Marlin Weisheit, president of the Warrick County Commissioners. “Warrick County has historically supported Alcoa in their efforts. Alcoa and its people have been excellent contributors to our community, and we are pleased they are strengthening their position in their marketplace.”

Relocating Or Expanding Your Business In Indiana

Considering Indiana for your company’s relocation or expansion project? Check out Business Facilities’ Indiana Incentives and Workforce Development Guide.

Suggested Links:

You Might Like:

LEAVE A REPLY