New Madrid's Noranda to expand adding jobs - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

New Madrid's Noranda to expand adding jobs

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Gov. Nixon was at the announcement (Source: Don Frazier). Gov. Nixon was at the announcement (Source: Don Frazier).
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NEW MADRID, MO (KFVS) -

New Madrid's Noranda facility is expanding and company officials say the expansion will pave the way for about 29 new jobs in the near future.

The facility expansion includes a $45 million capital investment. According to a news release, the expansion includes an 80,000 square foot addition to Noranda's current location, and the purchase of state-of-the art equipment. 

Governor Jay Nixon was on hand for the announcement.

"Noranda's continued commitment to expanding its Missouri presence is good news for our economy," Gov. Nixon said. "I'm pleased my administration could support Noranda and help make this project possible to create jobs and stimulate economic growth in southeast Missouri."

Noranda's known for producing aluminum.

The company was founded in 1968. The New Madrid smelter currently employs more than 1,000 workers. It's one of southeast Missouri's largest employers.

"The aluminum smelter here in New Madrid accounts for approximately 13 percent of total U.S. primary aluminum production," says 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."

Look for more on this story later tonight on Heartland News & kfvs12.com.

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