2014-05-29 17:24:21

American Cars to Get Government-Sponsored Aluminium

As aluminium has gradually taken the place of one of the most needed materials for car assembly, the American government promises the car companies to help produce it.

The renowned Pennsylvania-based aluminium manufacturer named Alcoa, Inc. will soon get a chance to set production facilities in Tennessee with a donation from the profile governmental department. Sum of the loan is assessed in $25 billion. Legal documentation including consent of the environmental bodies is already signed by both parties. The endeavour is aimed at opening new grounds for the century-old aluminium producer.

Currently the most active client of Alcoa is Ford with its F-150 model designed for the next year. As the production of the company grows, a surge of new orders is to follow. In early 2014 an Iowa site of aluminium maker received $300 million to secure a stable flow of the material for the needs of Ford. The prognosis looks good for Alcoa stating that next year it will manage to supply three times more aluminium sheets to the car brand.