Noranda Expanding Missouri Aluminum Smelter

Noranda Aluminum Holding Corp. has announced plans to expand capacity at its aluminum smelter in New Madrid, Mo. When the $38 million project is complete, the company says production capacity will increase significantly.

 

In a press release announcing the expansion, Missouri Governor Jay Nixon says the state is providing additional economic incentives for the expansion project. The expansion plan originally was planned for 2009 but was tabled due to global economic problems.

 

“The resumption of Noranda’s $38 million expansion initiative demonstrates the company’s commitment to southeast Missouri, and is exciting news for New Madrid and the entire state,” says Gov. Nixon in the release. “I am pleased the state of Missouri could work closely with Noranda to assist this significant expansion through additional economic incentives. We value this company’s presence in the region, which provides jobs to more than 850 hardworking Missourians, and look forward to its future sustained growth and prosperity.”

 

Gov. Nixon has also announced that Noranda has been awarded a $1 million Energy Efficiency Pilot Grant that will be administered by the Missouri Department of Natural Resources and funded by federal Recovery Act money.

 

Previous state incentives awarded to Noranda include $3.5 million in Community Development Block Grant funds, $2.5 million in Development Tax Credits and $2 million in Job Retention Training Program funds.