Alcoa Opens New Facility In North Carolina; $6 Million Investment Adds 75 Jobs and Expands Local Tax Base.PITTSBURGH -- Alcoa (NYSE NYSE See: New York Stock Exchange :AA) today announced that its Alcoa Subassembly sub·as·sem·bly n. pl. sub·as·sem·blies An assembled unit forming a component to be incorporated into a larger assembly. and Logistics business will open a new manufacturing plant in Salisbury, Rowan County Rowan County is the name of several counties in the United States:
Alcoa Subassembly and Logistics, a part of Alcoa Wheel and Forged Products, provides wheel and tire assemblies to the Freightliner Group, the largest heavy-duty truck manufacturer in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and a leading manufacturer of medium-duty and specialized commercial vehicles. The new North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. facility - a $6 million investment - will support Freightliner locations in North and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. . Production is scheduled to start in mid-April. "Alcoa's investment and creation of 75 jobs is great news for Rowan County," said North Carolina Secretary of Commerce Jim Fain fain adv. 1. Happily; gladly: "I would fain improve every opportunity to wonder and worship, as a sunflower welcomes the light" Henry David Thoreau. 2. . "It is a welcomed addition to the strong transportation components sector of North Carolina's economy, which is vital to our region." The Salisbury-Rowan Economic Development Commission was instrumental in helping Alcoa site its new facility. "This is great news. The company plans to hire local people and provide good wages and benefits," said Randy Harrell, executive director of the Salisbury-Rowan Economic Development Commission. The Rowan County Board of Commissioners will provide a location assistance grant to aid with transition costs. The Rowan-Cabarrus Community College will also help by providing training resources to newly hired employees and the Employment Security Commission of Rowan County will assist in the screening of applicants. The new facility will add to Alcoa's presence in North Carolina, where Alcoa has four other operating locations in the cities of Badin, Catawba, Charlotte and Greensboro. The Salisbury plant will be the largest facility that Alcoa Subassembly and Logistics operates. "Alcoa has made this investment in response to a strong commercial vehicle market," said James Albon, manager, Alcoa Subassembly and Logistics. "Our investment in Rowan County will bring a wealth of opportunities with it for the local community, such as increased sales to state and local vendors as well as an expansion of the state and local tax base. Local non-profit organizations will benefit too through Alcoa Foundation programs and grants that are made in Alcoa communities worldwide." Alcoa and Alcoa Foundation invest nearly $150,000 annually in the state through grants and community engagement activities by partnering with non-profit organizations located near Alcoa operating locations. About Alcoa Subassembly and Logistics Alcoa Subassembly and Logistics, founded in 2000, operates four locations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and one in Canada. Headquartered in Cleveland, Ohio, the business is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Alcoa Inc. About Alcoa Alcoa is the world's leading producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa's businesses to customers. In addition to aluminum products and components, Alcoa also markets consumer brands including Reynolds Wrap(R) foils and plastic wraps, Alcoa(R) wheels, and Baco(R) household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks. The company has 131,000 employees in 43 countries and has been a member of the Dow Jones Industrial Average Dow Jones Industrial Average The best known U.S. index of stocks. A price-weighted average of 30 actively traded blue-chip stocks, primarily industrials including stocks that trade on the New York Stock Exchange. for 45 years and the Dow Jones Sustainability Indexes since 2001. More information can be found at www.alcoa.com. |
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