Alcoa to Build Aluminum Automotive Parts Plant in Ohio.Pittsburgh Pittsburgh (pĭts`bərg), city (1990 pop. 369,879), seat of Allegheny co., SW Pa., at the confluence of the Allegheny and the Monongahela rivers, which there form the Ohio River; inc. 1816. , PA--(BUSINESS WIRE)--February 21, 1995--Alcoa announced plans to build a plant in the city of Northwood, Ohio For the unincorporated village in Logan County, see . Northwood is a city in Wood County, Ohio, United States. The population was 5,471 at the 2000 census. History Northwood was originally Ross Township. , near Toledo, to manufacture aluminum structural assemblies for the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . The plant will be built on a 37-acre site south of Exit 198 on Interstate-75. Construction will begin immediately and be completed in late 1995. In its first phase, the plant will manufacture high-volume assemblies for which Alcoa currently holds long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. supply contracts with car makers. In this phase, the plant will require about 125 employees. Future production and employment levels are expected to grow as auto makers use increasing amounts of the light weight metal to improve fuel economy and vehicle performance. Alcoa, with headquarters in Pittsburgh, is the world's largest aluminum company with 164 operating and sales locations in 24 countries. CONTACT: Alcoa, Pittsburgh A. T. Posti, 412/553-4465 |
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