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TheStreet Open House

Alcoa Signs Ten-Year Power Contract For Intalco Works

Stocks in this article: AA

“Today’s contract signing marks the culmination of years of hard work by many at BPA and Alcoa while securing a bright future for Alcoa Intalco,” said U.S. Senator Maria Cantwell (D-WA). “I am proud to have been a part of this critical effort for more than a decade. This contract means the preservation of hundreds of family-wage jobs and substantial investment in improvements at Alcoa’s Ferndale plant. And it ensures Alcoa will remain a critical contributor to the local economy for many years to come.”

“The commitment signed today is very welcome news to the people of Ferndale and all Washingtonians,” said Governor Chris Gregoire. “It will help our Washington families, create jobs in our growing energy economy and is the promise of energy cooperation for many years to come.”

About Alcoa

Alcoa is the world’s leading producer of primary aluminum, fabricated aluminum and alumina. In addition to inventing the modern-day aluminum industry, Alcoa innovation has been behind major milestones in the aerospace, automotive, packaging, building and construction, commercial transportation, consumer electronics and industrial markets over the past 120 years. Among the solutions Alcoa markets are flat-rolled products, hard alloy extrusions, and forgings, as well as Alcoa® wheels, fastening systems, precision and investment castings, and building systems in addition to its expertise in other light metals such as titanium and nickel-based super alloys. Sustainability is an integral part of Alcoa’s operating practices and the product design and engineering it provides to customers. Alcoa has been a member of the Dow Jones Sustainability Index for eleven consecutive years and approximately 75 percent of all of the aluminum ever produced since 1888 is still in active use today. Alcoa employs approximately 61,000 people in 31 countries across the world. More information can be found at www.alcoa.com.



Copyright Business Wire 2010
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