Arconic to invest $100 million in Tennessee Operations

Arconic Inc. has announced an investment of about $100 million to expand its hot mill capability and add downstream equipment capabilities to manufacture industrial and automotive aluminum products in its Tennessee Operations facility near Knoxville, Tenn. Customer commitments for the majority of the anticipated increase in capacity are already in place, and the remainder is expected to be filled by projected customer demand. The project, which is expected to create 70 new jobs, is expected to be complete by Q4 2020.

“This investment will add capacity to meet growing demand for industrial products and automotive aluminum sheet,” said Tim Myers, president of Arconic’s Global Rolled Products business. “With this expansion, we are further diversifying the portfolio of one of our largest North American facilities.”