Aluminium value-added firm Arconic plans a US$100 million expansion to its operations in eastern Tennessee.
The firm says it will expand capacity for manufacturing industrial aluminium and aluminium sheet for beverage cans at the site. The increased capacity will add another 200 jobs to the plant, which has been operating at the site for over a century.
Nandu Srinivasan, president of Arconic Global Rolled Products, North America, said that the expansion is in response to growing aluminium demand.
“This expansion enables Arconic to help meet the strong customer demand for industrial products and can sheet. As consumers are moving away from plastics for more sustainable products, infinitely recyclable aluminum is the perfect solution. We appreciate the state’s continued support which enables us to create more jobs and advance economic growth in Tennessee, where we’ve been proudly operating for more than 100 years.”
“TVA congratulates Arconic on its decision to expand operations and create job opportunities and investment in Blount County,” said John Bradley, TVA senior vice president of Economic Development. “Helping to support companies, like Arconic, create quality jobs and investment in the Valley is fundamental to TVA’s mission of service and we are proud to partner with the Blount Partnership and Tennessee Department of Economic and Community Development to help further that mission and celebrate this announcement together.”
Spun off from Alcoa sixteen months ago, Arconic produces aluminium sheet, plate, and extruded products. The firm services clients in the ground transportation, aerospace, packaging and industrial industries. Arconic reported revenue of US$5.6 billion in 2020.