Alcoa expanding auto sheet capacity in Iowa, Tennessee
In 2011, $3M state incentive awarded by the Iowa Economic Development Authority for Riverdale plant expansion
Alcoa on Friday announced a second expansion of its automotive sheet manufacturing capacity as it moves toward completion later this year of a $300 million expansion of its plant in the Quad Cities.
Alcoa will invest $275 million over the next three years to expand and convert capacity at its rolling mill in Alcoa, Tenn., to manufacture aluminum sheet to support automotive producers’ plans to increase fuel efficiency, safety, durability and performance of cars and light trucks.
The Tennessee plant expansion will add 200 full-time workers when construction is completed in mid-2015. The project will convert some of the plant’s can sheet capacity to high-strength automotive aluminum capacity, as well as install incremental automotive capacity.
In 2011, Pittsburgh-based Alcoa was awarded a $3 million state incentive by the Iowa Economic Development Authority to pave the way for a $300 million expansion of its plant in Riverdale. The expansion has created 150 construction jobs and will add another 150 permanent factory jobs.
The Alcoa plant in Riversdale, near Bettendorf, employs about 2,100 workers. It produces advanced products for all major aircraft, including the Airbus A380, the world’s largest passenger plane, and Boeing's 747-8 and 777.In addition to aerospace, the Alcoa plant in Riverdale produces armor products for the U.S. military, including the Humvee and the MRAP or Mine-Resistant, Ambush-Protected vehicle.