Alcoa East Undertakes $42 Million Expansion At Its Massena, New York, Aluminum Facility
Area Development Online News Desk (07/01/2013)
Alcoa broke ground on a $42 million expansion and renovation of its aluminum facility in Massena, New York. Gov. Andrew Cuomo’s Office said the state’s commitment to supply 478 megawatts of low-cost electricity led to the company's investment and modernization plans, along with commitment to the long-term retention of nearly 1,000 jobs.
“Today’s groundbreaking is a major step forward for the modernization project of the Alcoa facility in Massena,” Cuomo said. “Alcoa is a world class company that is continuing to spur economic development and make investments in the community. Under this project, 1,000 jobs will be retained. New York State looks forward to building upon this partnership with Alcoa to grow the economy of the North Country region for years to come.”
"Alcoa is pleased to work with the State of New York and the community to ensure that we remain an integral part of the North Country's economic development," said U.S. Primary Products President John D. Martin. "Alcoa's commitment to the North Country Economic Development Fund and an Alcoa Foundation grant for workforce development will help build the region's workforce and provide opportunities to energize the economy."
“The Alcoa East groundbreaking is a shining example of Governor Cuomo’s support of public-private partnerships that are the key to innovative economic development,” said Gil C. Quinones, New York Power Authority president and chief executive office. “The 478 megawatts of low-cost hydropower generated in Massena at NYPA’s St. Lawrence-FDR power plant will preserve hundreds of local jobs and provide millions of dollars in investment, for years to come. Alcoa’s commitment of $10 million for the North Country Economic Development Fund will ensure that the entire region benefits from this project.”
The North Country Economic Development Fund is one element of the long-term NYPA-Alcoa hydropower contract, which extends to 2045. If certain conditions are met, Alcoa may exercise an option to extend service for 10 years beyond 2045. Under the contract, which was entered into in 2009, Alcoa committed to protect nearly a thousand jobs at its Massena facilities and undertake capital investments of at least $600 million, of which $42 million is currently being spent on site preparation for new aluminum production at the Massena East plant.
Massena Town Supervisor Joseph D. Gray said, “Massena has reason to celebrate the latest developments at Alcoa. It means job security at the company’s smelters and the possibility of new jobs in other businesses and enterprises from the $10 million North Country Economic Development Fund. We’re thankful to Alcoa, Governor Cuomo and the Power Authority for all that they’ve done in moving the Alcoa East modernization forward, along with the associated initiatives.