Alcoa Launches Expanded Factory in Northern NY and 2 Other Dow Movers to Watch
Alcoa (NYSE:AA) Current price $7.83
The aluminum major has broken ground on an expanded, more modern aluminum plant in northern New York, at Messena, across the St. Lawrence River from Ontario. Gov. Andrew Cuomo said on Monday that Alcoa will spend $42 million in preparation for modernization and added capacity at the facility, and that the company will provide another $10 million to a development fund that serves the counties of St. Lawrence, Franklin, Essex, Jefferson, Lewis, Hamilton, and Herkimer, and on the Akwesasne Mohawk Reservation.