Alcoa invests in Russian wheels
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Manufacturing News, Source : TheManufacturer.com
Published : 09 May 2005 17:08
Alcoa announces a $37 million investment in its newly acquired Belaya Kalitva wheel fabricating facility.
"All of our investments will strengthen the ability of the plants to compete in the world market," said Alain Belda, Alcoa Chairman and CEO. "And we are already beginning to see results. Through our work so far we have now begun to service North American automotive OEM customers from this plant with forged specialty wheels. This is a good example of how we can take these assets, integrate them into the Alcoa system, and better serve our customers around the world. We envision these improvements to our heat-treated plate and sheet capabilities to generate similar types of results."
This Belaya Kalitva investment is included in Alcoa's previously announced 2005 capital spending plan of approximately $2.5 billion, of which $1.6 billion is dedicated to growth projects.
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.
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