Sterne Agee Starts Alcoa (AA) at Buy
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Alcoa (AA) Announces $13M Wheel Plant Expanion in Europe
March 17, 2014 6:02 AM EDTAlcoa (NYSE: AA) is investing US$13 million to expand its wheel manufacturing plant in Europe, to meet growing demand for its lightweight, durable, low-maintenance aluminum truck wheels.
The expansion of the Székesfehérvár, Hungary facility will enable Alcoa to produce twice as many Dura-Bright® EVO surface-treated wheels in Europe by early 2015, compared with current production levels.
Demand for Alcoas forged aluminum wheels continues to grow in Europe, as emissions regulations drive up the need for stronger, lighter and easier-to-maintain wheels that increase payload, reduce maintenance costs and enhance sustainability, said Tim... More
