ALCOA INVESTS EUR 64 MILLION IN TECHNOLOGY AND ENVIRONMENTAL IMPROVEMENTS IN SPANISH SMELTERS

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ALCOA INVESTS EUR 64 MILLION IN TECHNOLOGY AND ENVIRONMENTAL IMPROVEMENTS IN SPANISH SMELTERS
25 October 2004 - Alcoa

Alcoa has announced today that it will invest EUR 64 million in technology and environmental improvements for three of its smelters in northern Spain.

At its smelter in Aviles, Alcoa will invest EUR 46 million in technology improvements that will allow the plant to achieve environmental standards set by the European Union to begin in 2007. The directives are to lower the total fluoride emissions, dust and benzoalfapyrene and must be completed by the end of 2006. The Aviles project is a result of Alcoa R&D efforts to introduce newly developed improvements to Soderberg pot technology.

Earlier this month, Alcoa signed a voluntary agreement with the regional government of Galicia impacting two of Alcoa's smelting facilities, one in San Ciprian, the other in La Coruna. The agreement includes specific actions and projects addressing emissions proposed by Alcoa to improve the local environment, which will include an EUR 18 million investment by the company over the next five years. Alcoa's Alumina refinery in San Ciprian is also included in this agreement.

http://www.alcoa.com

About: Alcoa
Alcoa is a leading producer of primary aluminium, fabricated aluminium and alumina and is active in all major aspects of the industry. It serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production, and other capabilities of Alcoa's businesses as a single solution to customers. The company has 120 000 employees in 41 countries.

In addition to aluminium products and components, Alcoa also makes and markets consumer brands including Reynolds Wrap, Alcoa wheels, and Baco household wraps. Among its other businesses are vinyl siding, closures, fastening systems, precision castings, and electrical distribution systems for cars and trucks.

Alcoa makes a very sustainable product: almost 70% of the aluminium ever produced is still in use, equalling 480 million tonnes of a total 690 million tonnes manufactured since 1886.

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