To meet the growing demand for light, durable and recyclable aluminum sheet for automotive production, Alcoa (IW 500/48) announced last week that it will expand its rolling mill in Tennessee.
The expansion represents a $275 million investment over the next three years and will add 200 permanent full-time jobs upon completion, as well as 400 jobs during the construction phase.
“More and more auto producers are turning to aluminum to increase the fuel efficiency and quality of their vehicles – we anticipate a quadrupling of auto sheet volume by 2015 and a tenfold increase by 2025,” Kleinfeld added.
“It is particularly gratifying to make this investment in our namesake community this year, which is both the 100th anniversary of our Tennessee operations as well as the 125th anniversary of Alcoa,” Kleinfeld added. “We have a very dedicated and highly engaged workforce in Tennessee and a very supportive community.”
Workforce is a key focus of Tennessee.
Workforce is a key focus of Tennessee.“Our Jobs4TN strategy identifies key industry clusters where Tennessee holds a unique competitive advantage, and we are grateful Alcoa is expanding its presence and joining in our state’s continued growth in the automotive sector,” said Tennessee Gov. Bill Haslam.