High times in Hungary

Alcoa is investing $83 million (€70 million) in a major modernisation project at Alcoa-Kofem, the company’s operations in Hungary.


Alcoa has announced an $83 million (€70 million) investment in a major modernisation project at Alcoa-Kofem, the company’s operations in Hungary.



The core of the investment is the modernisation of Alcoa-Kofem’s Flat Rolled Products manufacturing unit, which involves expansion of its brazing sheet capability to offer a full range of gauges. Brazing sheet is used primarily in the automotive and heat exchanger markets. Kofem currently produces sheet, coil and some brazing sheet at Szekesfehervar.



The modernisation also includes the addition of Dura-Bright aluminium automotive wheel production in Hungary, and the launch of a new manufacturing operation for airfoil castings.



Dura-Bright is a patented treatment that penetrates the wheels and helps keep them bright and shiny, reduces overall labour costs and downtime, and protects the wheels from oxidation and corrosion.



The new airfoil manufacturing operation in Kofem will support Alcoa Howmet’s growing jet aircraft and industrial gas turbines business in Europe.



The modernisation project will create nearly 200 new jobs at Alcoa-Kofem. Alcoa expects the project to be completed by the end of 2007.