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June 11, 2014

Alcoa Expansion Targets Aerospace
 
Alcoa has broken ground on a new $100 million aerospace expansion in LaPorte, Ind. The facility will produce nickel-based superalloy jet engine parts. Construction of the plant is expected to be complete by fourth-quarter 2015.

The 320,000-square-foot facility will expand Alcoa's reach from structural engine components for business and regional jets to large commercial aircraft, including narrow- and wide-body and military airplanes. "Aerospace growth is soaring, and Alcoa is ramping up our downstream capabilities to capture that demand," says Alcoa Chairman and CEO Klaus Kleinfeld. "Applying our expertise, this facility will deliver the highly engineered parts our customers need to build some of the best-selling engines, and at high volumes."

The plant will increase the company's capacity to supply engines for narrow-body aircraft. It also will enable Alcoa to produce parts nearly 60 percent larger than components it makes today, expanding its market reach to wide-body airplanes. These components are used in the compression and hot sections of the engine.

This is the second major aerospace investment by Alcoa in Indiana in two years. In 2012, Alcoa announced construction of a $90 million greenfield aluminum lithium facility at its Lafayette operations, due to open later this year.

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Wednesday, August 27, 2014