Expansion: Noranda announces $38M aluminum smelter project
MARSTON -- The largest employer in southeast Missouri officially announced a $38 million capital investment.
On Friday, Gov. Jay Nixon visited Noranda Aluminum Holding Corporation in New Madrid to officially announce the expansion of the company's aluminum smelter, which will allow Noranda to greatly increase production capacity.
"This is the continuation of a project that we had started before the economic downturn," said Frank Davis, plant manager at Noranda. "We're just thrilled to be able to announce it -- it means a lot to the facility and enhances our longevity in this region."
The governor's announcement, which included additional economic incentives from the state of Missouri, is a re-launching of a capital project that was put on hold by global economic conditions and the weather-related power outages in southeast Missouri in January 2009.
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