Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Pittsburgh’s Arconic says that the company has signed can-sheet supply deals with beverage can producers worth $1.5bn and intends to increase its workforce by 200 within the next year. 


Jeff Weida, the plant manager at the company’s Tennessee plant stated that since the middle of 2019, the company’s Tennessee factory has hired about 100 employees and plans to double up before it begins can-sheet production at scale in 2022. He added that production has already begun with test materials. 


Tim Myers, Arconic’s chief executive officer, made the announcement during an investor call, adding that buyers including Ball Corporation and AB InBev, having signed contracts lasting until 2024. These deals will make the plant the only Arconic factory that produces can sheet. Arconic recently resumed its can-sheet production after a market shift to primarily automotive and industrial production. 

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