Arconic to expand, hosts groundbreaking ceremony for ‘Pit 10′ project

RIVERDALE and BETTENDORF, Iowa (KWQC) - Arconic will be expanding and brining new jobs to the QCA with the construction of a new casting complex in Bettendorf.

The company plans to build a new casting complex at its Davenport Works facility in Riverdale/Bettendorf, increasing its capacity to process and recycle aluminum into ingots used to make sheet and plate products.

A new saw will improve efficiency and safety, according to a media release from company officials. The $175 million capital investment is expected to create 40 jobs incented at a qualifying wage of $28.46 per-hour.

Last week, the Economic Development Authority (IDEA) Board awarded $6.55 million in tax credits through the BIG program.

BIG supports capital investment and quality job creation projects that strengthen Iowa’s economic competitiveness by tax benefits.

Friday, Arconic hosted a groundbreaking ceremony for its Pit 10 project, marking a major milestone in continued investment at the facility.

The facility will significantly expand aluminum ingot casting capacity, increasing recycling of scrap aluminum, improve energy efficiency, and reduce reliance on foreign suppliers while producing high-performance alloys for strategic sectors, Arconic officials said.

Davenport Works said they are proud that this transformative investment has received support from the Iowa Economic Development Authority (IDEA).

This project has strong support from several Iowa stakeholders, including US Steelworkers Local 105, Nahant Marsh Education Center, Junior Achievement of the Heartland, Living Lands and Waters, and the Martin Luther King Jr. Community Center, the Quad the Quad Cities Chamber of Commerce, the Quad City Conservation Alliance, and United Way Quad Cities, Arconic officials said.

The City of Riverdale has also demonstrated its support by passing a resolution endorsing the project, Arconic officials said. Together, these partners reflect a shared commitment to strengthening the Quad Cities area.

Headquartered in Pittsburgh, Arconic Corp. produces aluminum products for commercial aircraft, space vehicles, defense systems, and automotive markets.

Five companies were approved for awards from the IDEA board which will assist in the creation of 536 jobs and result in $268.2 million in new capital investment for the state. These projects are located in Bettendorf, Bondurant, Hiawatha, Vinton, and Waverly.