EMCC European Monitoring Centre on Change

Alcoa Köfém

Company/Organisation:
Alcoa Köfém

Geographic Location

Country: Hungary
Region: Fejer; Kozep-Dunantul; Dunantul
Location of affected unit(s): Székesfehérvár

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.42 - Aluminium production
Number Employed: 5500
Group: Alcoa

Employment Effects

Announcement Date: 14-11-2005
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2007
Planned Job Creation: 186

Additional Information

Alcoa Inc, the world's biggest aluminum producer, will spend €70 million to expand its production in Hungary by building a new plant at its existing site. The Pittsburgh-based company, Hungary's 12th largest employer, will hire 186 workers by the end of 2007 for its new unit to process special alloys in Székesfehérvár, Hungary.