Type
Business expansion
Country
Hungary
Region
Dunantul; Kozep-Dunantul; Fejer
Location of affected unit(s)
Székesfehérvár
Sector
Manufacturing
Manufacture Of Basic Metal And Fabricated Metal Products
Manufacture Of Basic Metals
24.42 - Aluminium production

130 jobs
Number of planned job creations
Job creation
Announcement Date
7 January 2011
Employment effect (start)
7 January 2011
Foreseen end date

Description

Aloca-Köfem Ltd has announced its plans to hire 130 new employees in January 2011. The company is receveiving a HUF 50 million investment from the EU to improve communication, conflict management skills and competitiveness.

Aloca Inc. is producer of primary aluminum, fabricated aluminum and alumina and employs approximately 59,000 people in 31 countries across the world. Alcoa acquired majority stake of the Light Metal Works of Székesfehérvár (now Alcoa-Köfém Kft.) in 1993 of which it has had full ownership since 1996. There are four manufacturing branches that belong toAlcoa-Köfém Ltd. in Hungary: the European Mill Products (EMP), combining Casthause and Flat Rolled Products, Alcoa Wheel and Transportation Products (AWTP), Alcoa Fastening Systems (AFS), and Alcoa Power and Propulsion (APP) Howmet castings. Alcoa has also deployed its global service centre in Hungary covering European and some North-American Financial and Administrative issues.


Sources

Citation

Eurofound (2011), Aloca Kőfém, Business expansion in Hungary, factsheet number 71597, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71597.