Alcoa celebrates auto body sheet expansion in Tennessee
ALCOA, Tenn. (AP) – Aluminum producer Alcoa is celebrating the $300 million expansion of its automotive body sheet facility in Tennessee.
Chairman and CEO Klaus Kleinfeld said in a statement Thursday that the expansion at the plant in Alcoa, Tennessee, follows increased demand from automakers for lighter and stronger materials. The company previously expanded operations at its Davenport, Iowa, plant where it has seen automotive sheet shipments in the second quarter increase by 200 percent compared with the same period a year ago.
Alcoa projects that its automotive sheet revenue will grow from $229 million in 2013 to $1.3 billion in 2018.
The expansion of the Tennessee plant added 200 full-time jobs and includes rolling mill technology that allows it to switch between automotive and can sheet production based on demand.