Kaiser Aluminum Corporation (Nasdaq:KALU) today announced it has commenced expansion of its Kaiser Alexco hard alloy aerospace extrusion facility in Chandler, Arizona. The investment of approximately $11 million is expected to be completed by year end and will provide additional extrusion and heat treat capacity to meet growing demand for these products in the marketplace.
"Today's environment of unprecedented demand and growth in commercial aerospace offers a significant opportunity to leverage our manufacturing platform and market presence to drive growth," said Jack A Hockema, President, CEO and Chairman. "Hard alloy extruded shapes represent an important part of our broad product offering for aerospace applications, and the expansion of the facility will further enhance our position as a strategic supplier of aerospace extrusions in addition to value-added plate, sheet, cold finish products and drawn tube," concluded Mr. Hockema.
Kaiser Aluminum Corporation, headquartered in Foothill Ranch, Calif., is a leading producer of semi-fabricated specialty aluminum products, serving customers worldwide with highly-engineered solutions for aerospace and high-strength, general engineering, and custom automotive and industrial applications. The Company's North American facilities produce value-added sheet, plate, extrusions, rod, bar, tube and wire products, adhering to traditions of quality, innovation and service that have been key components of our culture since the Company was founded in 1946. The Company's stock is included in the Russell 2000 index and the S&P SmallCap 600 index.