Alcoa to expand Brazil mill for specialty aluminum foils

|By:, SA News Editor

Alcoa (AA) says it plans to spend $40M to expand its rolling mill in Itapissuma, Brazil, to capture the growing demand in Latin America for specialty aluminum foils for packaging.

AA says demand for specialty packaging in Brazil is expected to rise 7% annually over the next three years.

Commissioning of the facility is expected to start in 2016.