Alcoa today announced it is increasing its global aerospace heat-treated sheet and plate production by approximately 50 percent over the next 18 months.
Alcoa said it will achieve this additional capacity through productivity improvement and capital investment of approximately $60 million across rolling mills in four countries.
“Not only is the aerospace market experiencing very strong growth, but the market is also changing as average plane size is increasing,” said Helmut Wieser, Alcoa Vice President and Group President of Global Mill Products. “Single aisle sales are very strong and have placed demands on industry capacity. Military and new markets such as micro-jets are also experiencing growth as well.”
Heat-treat expansions are taking place at Alcoa mills in Davenport, Iowa USA; Kitts Green, UK; Fusina, Italy; and Belaya Kalitva, Russia. The $60 million in capital is included in the company’s 2005 $2.2 billion capital budget. Approximately $37 million is slated for the previously announced expansion in Belaya Kalitva.