Alcoa to invest more than $8 million to expand manufacturing operation
RICHMOND - Governor Terry McAuliffe announced today that lightweight metals leader Alcoawill invest more than $8 million to expand its aerospace forging capabilities at its Alcoa Titanium & Engineered Products manufacturing operation in Henry County. The investment will add a new grinder and two new forge furnaces, doubling the facility's forging capacity and creating 15 new jobs paying above the average prevailing wage in the region. Alcoa expects to complete the expansion by the end of this year.
"Creating good jobs in key sectors like advanced manufacturing is at the very heart of our work to build a new Virginia economy in every region of the Commonwealth," said Governor McAuliffe. "This project represents the third manufacturing expansion in Henry County in 2016, which is a testament to the Commonwealth's business resources and infrastructure. I look forward to continuing to work with Alcoa to promote Virginia as a hub for advanced manufacturing and continued economic growth."
"This expansion is a tribute to the great team at Alcoa and the superior workforce infrastructure and business climate in the Henry County area," said Secretary of Commerce and Trade Maurice Jones. "Alcoa has been an excellent corporate partner, and we are thrilled that it will continue to grow within the Commonwealth."