Alcoa announce the completion of a $83 million modernization project at Alcoa-Kofem, located in Szekefehervar, Hungary, which began in November 2005.
The bulk of the project involved expanding brazing sheet capability to offer a full range of gauges. Brazing sheet is used primarily in automotive and heat exchanger markets.
Kofem has been producing forged aluminum wheels since 1997 and began producing Dura-Bright aluminum wheels in Hungary. Dura-Bright wheels feature a patented surface treatment "that penetrates the wheels and helps keep them bright and shiny." It products the wheels form oxidation and corrosion.
"The modernization project yields in shifting Kofem's product mix to a range of higher value-added products, thereby underpinning its competitive operation," said Bela Forgo, Country Manager Hungary and GM of Alcoa-Kofem. "It strengthens Alcoa's presence in Europe and its long-term strategic investement in Hungary."