Part of an $85 million investment in cutting-edge technology that will increase lower cost aluminum production.
Salaries will increase by an average of least 2.55% annually over a six-year collective agreement.
Several cabinet ministers, Liberal MPs have also visited Chicoutimi-Le Fjord to distribute millions of dollars in funding to local businesses.
Process eliminates greenhouse gas emissions from traditional smelting by producing oxygen.
A key issue is company’s intention to introduce a new-member funded pension plan.
Company expects the split to be complete by the second half of 2016.
Acquisition will help handle rising demand for advanced titanium jet engine components, company said.
Company executives say the aluminum-alloy material could show up in cars by 2018.
Company’s is benefitting from demand in areas including aerospace for aluminum and other lightweight materials.
Spanish company cites inducements as discounted hydroelectricity rates and a 10-year tax holiday.
Credits cutting smelting to reduce production costs 9%, and higher productivity.
Will focus on higher-cost plants as it confronts low prices.
Alcoa peer-reviewed study looks at the benefits of switching from steel wheels.
US aluminum manufacturer says demand up in automotive and aerospace industries.
Aluminum-giant shutters three European plant as part of plan to cut global capacity by 12 per cent