New York & Székesfehérvár, Hungary – 30 January 2015 – Alcoa has officially opened its expanded wheels manufacturing plant in Hungary. The US$13 million expansion will add 35 jobs in Hungary and double Alcoa’s capacity to produce its Dura-Bright® EVO surface-treated wheels.
“This expansion positions Alcoa to capture increasing demand for our innovative aluminum truck wheels in Europe, including our easiest-to-clean wheels that look new longer, reduce maintenance costs, and increase payload and fuel efficiency,” said Tim Myers, President, Alcoa Wheel and Transportation Products.
Construction of the US$13 million (HUF 2.8 Billion) expansion was completed on schedule and will create 35 new permanent jobs in Hungary once the facility reaches full capacity. Demonstrating its support for the project, the Hungarian Government agreed to contribute US$4.4 million (HUF 1 billion) through its Regional Operative Program, a government-led economic development initiative.
“Alcoa has enjoyed a long and very successful history in Hungary and we look forward to building on this positive track record with this expansion,” said Dr. Béla Forgó, Country Manager of Alcoa Hungary. “In addition, today Alcoa launched a pilot project with the regional Székesfehérvár city bus system to demonstrate the economic and environmental benefits of our wheels for public transportation.”
Alcoa Wheel and Transportation Products (AWTP), headquartered in Cleveland, Ohio, is part of Alcoa’s downstream business, Engineered Products and Solutions. AWTP is composed of three divisions: Commercial Vehicle Wheels, Forged Specialty Wheels and Transportation Products. Alcoa Wheel Products Europe is headquartered in Székesfehérvár, Hungary. Alcoa manufactures forged aluminum wheels for trucks, trailers and buses in Europe.