UPDATE 1-Alcoa Boosting Aluminum Lithium Capacity in US, UK

Industry News 05:27:49PM Jan 29, 2012 Source:SMM

Jan 26 (Reuters) - Alcoa Inc said on Wednesday it is expanding its aluminum lithium capacity at two U.S. plants and one British plant to meet growing demand in the aerospace market for the lightweight alloys.

The largest expansion will be a facility to be built adjacent to Alcoa's Lafayette, Indiana, plant and expected to produce more than 20,000 metric tons of aluminum lithium, the company said in a statement.

Alcoa plans to invest more than $90 million in the Indiana plant, which would create about 75 permanent jobs, as well as 150 additional jobs during construction, it said.

The company, the largest U.S. aluminum producer, said it is also expanding aluminum lithium capacity by 30 percent at its Technology Center near Upper Burrell, Pennsylvania.

In addition, Alcoa's Kitts Green plant in Britain is being upgraded to create additional casting capacity for the alloys, which are used to build aircraft wings and fuselage components that are lighter and cost less than composite alternatives.

The company said the expansions are needed to meet growing demand and follow discussions with airplane makers since the alloys were introduced last year.
 

Key Words:  Alcoa  aluminum Al 

UPDATE 1-Alcoa Boosting Aluminum Lithium Capacity in US, UK

Industry News 05:27:49PM Jan 29, 2012 Source:SMM

Jan 26 (Reuters) - Alcoa Inc said on Wednesday it is expanding its aluminum lithium capacity at two U.S. plants and one British plant to meet growing demand in the aerospace market for the lightweight alloys.

The largest expansion will be a facility to be built adjacent to Alcoa's Lafayette, Indiana, plant and expected to produce more than 20,000 metric tons of aluminum lithium, the company said in a statement.

Alcoa plans to invest more than $90 million in the Indiana plant, which would create about 75 permanent jobs, as well as 150 additional jobs during construction, it said.

The company, the largest U.S. aluminum producer, said it is also expanding aluminum lithium capacity by 30 percent at its Technology Center near Upper Burrell, Pennsylvania.

In addition, Alcoa's Kitts Green plant in Britain is being upgraded to create additional casting capacity for the alloys, which are used to build aircraft wings and fuselage components that are lighter and cost less than composite alternatives.

The company said the expansions are needed to meet growing demand and follow discussions with airplane makers since the alloys were introduced last year.
 

Key Words:  Alcoa  aluminum Al