Alcoa (NYSE:AA), the global leader in aerospace sheet and plate products, today announced it has signed a long-term agreement to supply aluminum sheet to Spirit AeroSystems, Inc. in a contract valued at approximately $290 million over five years. On April 8, Alcoa increased its 2014 global aerospace growth expectation by one percentage point to 8 percent to 9 percent, on strong demand for both large commercial aircraft [...]
Alcoa will host a live webcast of its 2014 Annual Meeting of Shareholders on Friday, May 2, beginning at 9:30 a.m. EDT. Registration for the webcast is required. Presentation materials will be available online. A replay of the webcast will be available by close of business on Friday, May 2, at this same website. About Alcoa: A global leader in lightweight metals engineering and manufacturing, Alcoa innovates [...]
Alcoa (NYSE:AA) today reported strong quarterly results offset by special items tied to restructuring as the Company’s transformation accelerates. In first quarter 2014, Alcoa reported a net loss of $178 million, or $0.16 per share, which includes $276 million in special items largely tied to smelter and rolling mill capacity reductions. Excluding the impact of special items, net income was $98 million, or $0.09 per [...]
Alcoa (NYSE:AA) will hold a conference call on Tuesday, April 8 beginning at 5:00 p.m. EDT to discuss first quarter 2014 results and business developments. The conference call will be webcast live via Alcoa's website, with presentation materials available online. Conference Call Information Time: 5:00 – 6:00 p.m. EDT Hosts: ...
Alcoa (NYSE:AA) announced a $40 million investment (100 million BRL) in its Itapissuma, Brazil, rolling mill to increase production of specialty foils for aseptic and flexible packages. Demand for specialty packaging in Brazil is expected to rise seven percent annually over the next three years due to population growth and consumer preference1. The expansion was announced today at the ExpoAlumínio trade show in São Paulo [...]
Alcoa (NYSE: AA) today announced it will curtail 147,000 metric tons of smelting capacity at its São Luís (Alumar) and Poços de Caldas smelters in Brazil due to challenging global market conditions in primary aluminum and increased costs that have made the smelters uncompetitive. The curtailments are expected to be complete by the end of May 2014. In 2013, the Company curtailed 34,000 metric tons at Poços and 97,000 [...]
Alcoa (NYSE: AA) has rolled out the world’s lightest heavy-duty truck wheel. This latest Alcoa innovation, the Ultra ONE™, will help trucks shed pounds for increased payload and fuel efficiency. Alcoa, the inventor and global leader of forged aluminum wheels, has rolled out the world’s lightest heavy-duty truck wheel: The Ultra ONE™ forged aluminum wheel, shown here. (Photo: Business Wire) ...
Alcoa (NYSE: AA) today announced that Glenn Miller has been promoted to Chief Financial Officer of its Global Rolled Products (GRP) business effective May 1. He succeeds Judy Schrecker who will retire from Alcoa after 34 years of service. Miller will be responsible for managing all aspects of the global GRP financial and information technology organizations. Glenn Miller is named Chief Financial Officer for Alcoa's [...]
Alcoa (NYSE:AA), the inventor and global leader of forged aluminum wheels, is investing US$13 million to expand its wheel manufacturing plant in Europe, to meet growing demand for its lightweight, durable, low-maintenance aluminum truck wheels. To meet growing demand, Alcoa is doubling European production of its lightweight, durable, low-maintenance Dura-Bright® EVO surface-treated truck wheels, shown here, through a [...]
Alcoa (NYSE:AA) today announced that Aquilino Paolucci, Vice President of Business Development and Regional Affairs for Latin America, has been named President of Alcoa Latin America and the Caribbean (LAC), effective as of March 1. Paolucci succeeds Franklin Feder who is retiring from Alcoa effective August 1 after 23 years with the Company. Aquilino Paolucci has been named President of Alcoa Latin America and the [...]
Alcoa (NYSE:AA) has been named the most admired metals company in the world for the third consecutive year in Fortune magazine’s prestigious annual ranking on corporate reputation. Alcoa has been on the Most Admired list since Fortune began the annual ranking 31 years ago. Alcoa also received top ranking in eight of the nine key attributes: innovation, people management, use of corporate assets, social responsibility [...]
Alcoa (NYSE: AA), a global leader in lightweight metals engineering and manufacturing, is a founding member of the country’s first manufacturing institute focused solely on light metals: the National Lightweight and Modern Metals Innovation Institute in Detroit, Michigan. The institute was formally unveiled by President Obama during an event in Washington today. “Lightweight metals are a growing and critical segment of [...]
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