Klaus Kleinfeld, chairman and CEO of aluminum giant Alcoa Inc., which has a major manufacturing operation in Blount County, was on CNBC today touting the company’s $7.5B deal with China Power Investment Corp.
The memorandum of understanding calls for joint efforts both inside and outside china, including development o “clean energy projects such as wind and solar and state-of-the-art aluminum smelting operations. Both parties will also work toward developing high-end aluminum industrial parks,” according to an Alcoa press release.
Early in 2009 aluminum maker Alcoa Inc. cut 13,500 jobs worldwide as it struggled to right-size operations as metals demand declined and the world economy floundered. Some 450 jobs were cut at its Blount County plant.
Tough times continued this year. In January, the company said 2010 was going to be another down year and it cut more jobs, including 90 in Blount County where it shut down a smelter.
Now it’s all smiles at the Pittsburgh headquarters, or so it seems. Will the Blount plant benefit?