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The original item was published from 6/17/2014 3:08:00 PM to 9/2/2014 12:05:03 AM.

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Economic Development

Posted on: June 17, 2014

[ARCHIVED] Alcoa invests $25 million, adds 75 jobs in Hampton

June 17, 2014 –Alcoa officials, flanked by Virginia Gov. Terry McAuliffe and Hampton Mayor George Wallace, on Tuesday announced a major expansion of the company’s Hampton plant.

“This is an exciting time for Alcoa, an exciting time for Hampton, and an exciting time to be in the aerospace market,” said Michael Pepper, president of Alcoa Power and Propulsion.

Pepper announced that the company’s “breakthrough technology” to reduce the weight of jet engine blades by 20 percent will be commercialized in Hampton. “Alcoa’s investment in Hampton builds on a positive, 40-year track record, and reinforces our on-going, collaborative relationship with both the Commonwealth and the City of Hampton,” he noted.

Speaking to a standing-room crowd of regional business leaders and officials, McAuliffe said: “Alcoa has been a solid corporate institution in Hampton for 40 years, and this major investment in new technology will ensure the longevity of its operation for decades to come. Advanced manufacturing is thriving in Virginia, and expansions like this help to diversify our economy and grow jobs of the 21st century. This project is a great testament to Alcoa’s commitment to Virginia, and the advantages of the Commonwealth’s top-rate business environment that helps valued global companies succeed.” Wages for the jobs will be above average for the region.

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