Lightweight metals leader Alcoa (NYSE:AA) today announced that it will permanently close its Poços de Caldas primary aluminum smelter in Brazil on June 30, 2015. The smelter has been curtailed since May 2014 and the underlying market conditions that led to the curtailment have not improved. “The closure of the Poços smelter permanently removes a high-cost smelting facility from the Alcoa system and is [...]
Alcoa (NYSE:AA) will hold a conference call on Wednesday, July 8 beginning at 5:00 p.m. EDT to discuss second quarter 2015 results and business developments. The conference call will be webcast live via Alcoa's website, www.alcoa.com, with presentation materials available online at 4:15 p.m. EDT. Conference Call Information Time: 5:00 – 6:00 p.m. EDT Hosts: Klaus Kleinfeld, Chairman and Chief Executive [...]
Alcoa (NYSE: AA) today announced that its innovative products and transformation strategy are delivering strong sustainability results. The achievements are highlighted in Alcoa’s 2014 Sustainability Report. Over the last year, the Company expanded its multi-material value-add portfolio and introduced innovations across its end markets enabling customers to produce more environmentally friendly products. Alcoa also [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced that it is supplying a high-strength, aerospace-grade aluminum to Samsung for its latest smartphones €”the Galaxy S6 and S6 edge. This marks the first time the global electronic giant will use an aluminum frame for its Galaxy S flagship model. The Company €™s aerospace-grade aluminum, 6013 Alcoa Power Plate „¢, is 70 percent stronger [...]
Lightweight, high-performance metals leader Alcoa (NYSE:AA) is investing $22 million in Hot Isostatic Pressing (HIP) technology at its facility in Whitehall, Michigan. The investment will enable Alcoa to capture growing demand for advanced titanium, nickel and 3D-printed parts for the world €™s bestselling jet engines. Steep ramp-up rates for narrow- and wide-body aircraft engines €”the top-selling [...]
Global lightweight, high-performance metals leader Alcoa (NYSE:AA) was presented with two top awards at the Platts 2015 Global Metals Awards ceremony held last night in London. Platts named Alcoa Metals Company of the Year, the publication €™s highest award, for all-around excellence in executing a metals strategy. The Company also received the Aluminum Industry Leadership Award for taking decisive action [...]
Lightweight metals leader Alcoa (NYSE: AA) today announced that Alcoa of Australia will permanently close the Anglesea coal mine and power station on August 31, 2015. The Anglesea power station previously supplied approximately 40 percent of the power needs for the Point Henry smelter in Geelong, Victoria. Alcoa said in February 2014 that it would conduct a sales process for the site, which has been operating as an [...]
Alcoa (NYSE:AA) Executive Vice President and Chief Financial Officer William F. Oplinger will present at the 2015 Bank of America Merrill Lynch Global Metals, Mining & Steel Conference being held May 12-14 in Barcelona, Spain. Oplinger will speak at 11:00 a.m. EDT (5:00 p.m. CET) on Tuesday, May 12. He will discuss Alcoa's strategy for building its multi-material, value-add portfolio and creating a globally competitive [...]
Lightweight metals leader Alcoa (NYSE:AA) announced changes to its Board of Directors today effective with the Company's Annual Meeting of Shareholders held in Pittsburgh. Dr. Judith Gueron, an Alcoa director since 1988 and its Lead Director since 2010, who did not stand for re-election when her term expired at the Annual Meeting, retired from the Board of Directors. Succeeding Gueron as Lead Director is Patricia Russo, a [...]
The Board of Directors of Alcoa today declared (a) a quarterly common stock dividend of 3 cents per share payable May 25, 2015 to holders of record of the common stock at the close of business on May 11, 2015; (b) a dividend of 93.75 cents per share on Alcoa ™s $3.75 cumulative preferred stock ( Class A Stock ) payable July 1, 2015 to holders of record of the Class A Stock at the close of business on June 12, 2015; and [...]
Lightweight metals leader Alcoa (NYSE:AA) will host a live webcast of its 2015 Annual Meeting of Shareholders on Friday, May 1, 2015 beginning at 9:30 a.m. EDT. Registration for the webcast is required. To register, go to www.alcoa.com/annualmeeting. Presentation materials will be available online. A replay of the webcast will be available by close of business on Friday, May 1 at the same website. About Alcoa A global [...]
Lightweight metals leader Alcoa (NYSE:AA) today reported strong first quarter 2015 profits. The Company’s strategy of building its value-add portfolio and creating a globally competitive commodity business is delivering results. Alcoa reported first quarter 2015 net income of $195 million, or $0.14 per share, including $158 million in restructuring-related charges (approximately 90 percent non-cash), mostly to [...]