ALCOY, a town of south-eastern Spain, in the province of Alicante, on the small river Sérpis, and at the terminus of a branch railway connected with the Barcelona-Valencia-Alicante line. Pop. (1900) 32,053. Alcoy is built on high ground at the entrance to a gorge in the Moncabrer range (4547 ft.). It is a thriving industrial town, devoid of any great antiquarian or architectural interest, though founded by the Moors. It owes its prosperity to its manufacture of linen, woolen goods and paper, especially cigarette paper. Many of the factories derive their motive power from the falls of a mountain torrent known as the Salto de las Aguas. Labour disturbances are frequent, for, like Barcelona, Alcoy has become one of the centres of socialistic and revolutionary agitation, while preserving many old-fashioned customs and traditions, such as the curious festival held annually in April in honour of St George, the patron saint of the town.
Cocentaina (pop. 1900, 7093) is a picturesque and ancient town, 4 m. N.E. by rail. It is surrounded by Roman walls, which were partly rebuilt by the Moors, and it contains an interesting fortified palace, owned by the dukes of Medinaceli.
For an account of the festival of St George of Alcoy, see Apuntes historicos acerca de las fiestas que celebra cada año la ciudad de Alcoy a su patron San Jorge, by J. A. Llobet y Vallosera (Alcoy, 1853).