May 29, 2014 / 5:45 PM / 4 years ago

Alcoa to expand in Indiana to tap demand from large aircraft makers

May 29 (Reuters) - Alcoa Inc, the biggest U.S. aluminum producer, said it started work on a $100 million plant in Indiana to meet rising demand from large commercial aircraft makers.

The plant, expected to be completed by the end of 2015, will make nickel-based super alloy jet engine parts for large commercial aircraft, including wide-body and military airplanes, the company said.

The new plant will create 329 jobs by 2019 and increase the company’s capacity to supply engine parts for narrow-body aircraft, Alcoa said.

“Aerospace growth is soaring and Alcoa is ramping up downstream capabilities to capture that demand,” Alcoa Chief Executive Klaus Kleinfeld said in a statement.

Alcoa in April raised its 2014 growth forecast for the global aerospace market to 8-9 percent from the 7-8 percent it forecast in January.

The company’s aerospace business, which had revenue of about $4 billion in 2013, counts Boeing Co and Airbus group NV among its customers. (Reporting by Rohit T. K. in Bangalore; Editing by Don Sebastian)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below