Arconic announced Wednesday it is investing $100 million to expand its facility in Alcoa in a project that is projected to bring 70 new jobs to the area.
The company plans to expand its hot mill capability and add downstream equipment capabilities to manufacture industrial and automotive aluminum products. They say customer commitments are already in place for the most part.
The project is expected to be completed by fourth quarter of 2020.
Arconic says aluminum is used in the automotive market for a number of purposes and demand is expected to double in the next 10 years.