Alcoa Expanding Aerospace Plate Capacity.Business Editors DAVENPORT, Iowa--(BUSINESS WIRE)--March 23, 2001 Alcoa Inc. (NYSE NYSE See: New York Stock Exchange :AA), a recognized global leader in aluminum aerospace alloy development, announced today that it will increase its productive capacity for aerospace and tooling plate by 30% at its sheet and plate facility here to meet growing world demand. "This expansion is an investment in the future that will help us meet the current and anticipated demand for our aerospace alloys in the growing global aerospace market," said John W. Collins III, Vice President of Alcoa Inc. and President of Alcoa Mill Products. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Collins, "Alcoa will invest nearly $90 million to expand aerospace plate capacity at its Davenport Works facility in Iowa. This expansion strengthens Alcoa's ability to provide these products for growing worldwide aerospace demand." Nearly every plane builder in the world is using Alcoa technical services to develop and specify alloys to build safer and more fuel-efficient planes. Collins explained, "Alcoa collaborates with airframers providing the most sophisticated technical expertise available in both material and airframe design. As a result, nearly every alloy in the air today was developed by Alcoa and the demand for our products is growing along with the aerospace industry." At its Davenport, Iowa Davenport is a city in the American state of Iowa that borders the Mississippi River. As of the 2000 census, the city had a total population of 98,359. A 2006 estimate tells that the city had grown slightly to 99,514. , facility Alcoa will break ground next month for this additional capacity with a new state-of-the-art horizontal heat treat furnace and quench quench, v to cool a hot object rapidly by plunging it into water or oil. quench to put out, extinguish, or suppress; to cool (as hot metal) by immersing in water. system, a new plate stretcher stretcher /stretch·er/ (strech´er) a contrivance for carrying the sick or wounded. stretch·er n. and new plate saw. The installation of this equipment should be complete and producing products for customers by the fourth quarter of 2002. "We know global demand is increasing and we are committed to expanding to meet the needs of our customers," added Collins. Alcoa is the world's leading producer of primary aluminum, fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: aluminum and alumina alumina (əl  `mĭnə) or aluminum oxide, Al2O3, chemical compound with m.p. about 2,000°C; and sp. gr. about 4.0. . It provides customers in packaging,
consumer, automotive, aerospace, construction and other markets with a
variety of fabricated and finished products. Alcoa has 142,000 employees
in 37 countries.
www.alcoa.com |
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