One of the region’s biggest employers is splitting into two companies.
Alcoa -- which employs about 2,000 people at its Warrick Operations – plans to divide itself into two independent, publicly-traded companies.
A news release from Alcoa says the move will create “upstream” and “value-add” companies.
The upstream company will include five business units: Aluminum, Alumina, Bauxite, Casting, and Energy.
The value-add company will consist of Alcoa’s Global Rolled Products, Engineered Products, and Transportation and Construction units.
The Warrick Operations makes aluminum sheet for beverage and food cans, pull-tabs, and other flat-rolled aluminum products.
Alcoa hopes to complete the transaction in the second half of 2016.
The company also has operations in Carmel, Lafayette, and La Porte, Indiana. Alcoa broke ground last year on a $100 million production facility in La Porte.