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Leading North American aluminum producer to invest $45 million in New Madrid plant

Noranda Aluminum Holding Corporation, a leading North American producer of aluminum, will significantly expand the footprint of its smelter in New Madrid, Gov. Jay Nixon announced today. The facility expansion includes a $45 million capital investment and is expected to create 29 new jobs.

This is the second major investment announcement by Noranda in the New Madrid facility in the past three years. In 2010, the company announced plans to invest $38 million to increase the aluminum smelter’s annual metal-production capability by approximately 35 million pounds. The latest investment includes funding for an 80,000 square-foot expansion and the purchase of new state-of-the-art equipment.

[Missouri Governor Jay Nixon]