Alcoa Inc. said it will expand and refurbish its Baie-Comeau, Quebec, smelter for $640 million by 2010.
The Baie-Comeau smelter in northeastern Quebec produces 436,000 metric tons of aluminum a year and employs 1,800. The announcement, made Dec. 16, will bring production to 547,000 metric tons in 2010.
Alcoa said it will modernize aluminum pot lines at Baie-Comeau, as well as increase its production capacity for aluminum rods.
The announcement was made at a Baie-Comeau news conference by Quebec Premier Bernard Landry and Alcoa chairman and chief executive Alain Belda. The Quebec government will give Alcoa a C$170 million loan without interest, Landry said.
The provincial Hydro-Quebec power utility will offer Alcoa preferential corporate rates for 175 megawatts of electricity, Landry said on Monday.
Latest from Recycling Today
- Charter Next Generation joins US Flexible Film Initiative
- Vecoplan to present modular solutions at IFAT 2026
- Terex Ecotec appoints Bradley Equipment as Texas distributor
- Greenwave raises revenue but loses money in Q2 2025
- Recycled steel prices hold steady
- EY says India’s need for scrap imports will continue
- Coming full circle
- Amcor, DCM introduce fertilizer packaging with 35 percent recycled content
