Associated Industries of Missouri member Noranda announced Friday it is expanding its operations in New Madrid.
One of North America’s leading producers of aluminum, Noranda will invest $45 million into their operations. The company will expand the New Madrid facility by 80,000 square-feet adding 29 jobs and purchasing new state-of-the-art equipment.
There are currently more than 1,000 workers employed at the smelting operation. The company is one of the largest employers in southeast Missouri. The expansion will allow Noranda to meet increased product demand by increasing the facility’s capacity to produce redraw rod, which is used in many electrical infrastructure projects.
“The aluminum smelter here in New Madrid accounts for approximately 13 percent of total U.S. primary aluminum production,” said Layle (Kip) Smith, Noranda President and Chief Executive Officer. “Missouri’s skilled workforce and competitive business climate have allowed us to compete in the global market and we look forward to our continued growth in aluminum production.”
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