Alcoa Opens State Of The Art Aluminum Wheel Facility In Suzhou, China
Alcoa (NYSE: AA) today announced that its Alcoa Wheel and Transportation (AWTP) business is opening a production facility in Suzhou, China, marking an expansion that creates a full wheel manufacturing, distribution, sales and service network in China. This facility brings to China Alcoa’s industry-leading forged aluminum wheel technology that manufactures lighter, stronger and more fuel efficient commercial truck, trailer and bus wheels. This is the first wheel manufacturing facility Alcoa has opened in China, adding to the list of existing wheel facilities in North America, Europe and Japan.
“With the growth of China’s infrastructure and the success Alcoa’s wheel products have seen in the Chinese market over the past several years, it was a natural choice to further expand our global manufacturing footprint by building a facility that could manufacture our products locally,” said Tim Myers, President, Alcoa Wheel and Transportation Products. The plant, which is currently up and running with a trained work force, machines and finishes forged aluminum wheels for commercial vehicles. Forged wheels are made from solid metal providing an aligned grain structure with four times the strength of cast wheels. Cast wheels are made from molten metal and subject to porosity or tiny air bubbles in the wheel.
AWTP has had a presence in China since 2004, when it began selling wheels out of Shanghai. Since then, the business has grown to include an employee base in Guangzhou, Beijing, Jinan and Suzhou. Through additions to our distribution network earlier this year, Alcoa has built a robust sales and service presence capable of supporting all of China.
“We are thrilled that our new facility is located in Wuzhong, part of the Suzhou municipal district, a city currently seeing enormous growth,” Myers said. “We have received tremendous support from the Suzhou Wuzhong Economic Development Zone and local governments. Their professionalism and guidance greatly facilitated the establishment of the business and allowed Alcoa to commence operations ahead of schedule.”
Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
