Arconic Restarts Texarkana, TX, Finishing Equipment to Further Support Demand in Industrial Markets
Tuesday, September 18, 2018
Global technology, engineering and advanced manufacturing leader Arconic (NYSE: ARNC) today announced a $14 million investment in its Texarkana facility to restart previously idled equipment used for finishing rolled aluminum sheet used to make industrial products. The equipment is expected to be operational by January 2019 and the investment is expected to create 35 jobs.
“This investment is a great opportunity to capture near-term opportunities in high-growth markets,” said Tim Myers, President of Arconic’s Global Rolled Products and Transportation and Construction Solutions businesses. “By restarting Texarkana’s existing equipment, we are able to quickly ramp up to provide additional value-add products for our customers.”
Engineering for the project is already underway and work is expected to begin this month. The project is expected to ramp up production in the first quarter of 2019.