Alcoa Increases Casting Capability in North America With Investment in Canada
July 08 2022 - 8:30AM
Business Wire
Alcoa Corporation (NYSE: AA) today announced that construction
will soon begin on a project to increase the casting capabilities
at its Deschambault smelter in Canada to include standard
ingots.
The new casting equipment will be constructed in an existing
building, with the project fully complete in the first quarter of
2023. The output from the approximately $8 million return-seeking
capital investment will complement the site’s two existing vertical
casting pits, which exclusively cast T-bar ingots.
Adding standard ingot casting to the site’s capabilities will
allow greater flexibility for alloying in smaller batches to meet
customer needs for value-add products such as foundry alloys for
the automotive industry. Each standard ingot weighs approximately
10.5 kilograms.
“We are working directly with a customer to bring this
production capacity online to meet specific needs in the North
American market,” said Kelly Thomas, Executive Vice President and
Chief Commercial Officer. “Providing this increased capability at
Deschambault is a direct result of collaboration with our location
and our customers, and we are proud to see this work get
underway.”
Earlier this year, the Deschambault smelter, which is
celebrating its 30th anniversary this year, completed the
installation of additional electrical infrastructure that will
allow it to continue to creep its production. The smelter has a
nameplate capacity of 287,000 metric tons of aluminum per year.
About Alcoa Corporation Alcoa (NYSE: AA) is a global
industry leader in bauxite, alumina and aluminum products with a
vision to reinvent the aluminum industry for a sustainable future.
With a values-based approach that encompasses integrity, operating
excellence, care for people and courageous leadership, our purpose
is to Turn Raw Potential into Real Progress. Since developing the
process that made aluminum an affordable and vital part of modern
life, our talented Alcoans have developed breakthrough innovations
and best practices that have led to greater efficiency, safety,
sustainability and stronger communities wherever we
operate.
Learn more about Alcoa’s sustainability strategy and social,
economic, and environmental progress at
www.alcoa.com/sustainability.
Dissemination of Company Information Alcoa intends to
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as through press releases, filings with the Securities and Exchange
Commission, conference calls and webcasts.
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statements that relate to future events and expectations, and as
such constitute forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include those containing such words as
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Corporation that reflect expectations, assumptions or projections
about the future, other than statements of historical fact, are
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difficult to predict. Although Alcoa Corporation believes that the
expectations reflected in any forward-looking statements are based
on reasonable assumptions, it can give no assurance that these
expectations will be attained, and it is possible that actual
results may differ materially from those indicated by these
forward-looking statements due to a variety of risks and
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the forward-looking statements is contained in Alcoa Corporation’s
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Corporation disclaims any obligation to update publicly any
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future events or otherwise, except as required by applicable
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Investor Contact: James Dwyer 412-992-5450
James.Dwyer@alcoa.com
Media Contact: Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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