Alcoa launches new program at Quebec smelters

NEW YORK—Alcoa (NYSE:AA) announced today the Company has approved the next phase of a five-year, $2.1 billion investment plan for its Baie-Comeau, Deschambault and Becancour smelters in Quebec.

The plan will move the Quebec smelters down the aluminum cost curve by 13 percentage points and contribute to Alcoa’s goal of achieving an overall 10-point improvement.

The plan will also increase production capacity by 120,000 metric tons per year and reduce greenhouse gas emissions.

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2011-11-10 digital edition

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