Alcoa (NYSE:AA) and the Government of Québec have reached an agreement to improve the competitiveness of Alcoa’s three smelters in Québec, securing approximately 3,000 jobs. Under the agreement, Hydro-Québec will renew Alcoa’s power supply contracts for the Becancour and Deschambault facilities until 2030 and for the Baie-Comeau plant through 2036. The agreement enables Alcoa to proceed with $250 million of planned [...]
Alcoa (NYSE: AA) today announced it will permanently close its Point Henry aluminum smelter and two rolling mills in Australia. The smelter and an adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are located in Yennora, New South Wales. The smelter will close in August and the rolling mills by the end of 2014. The Point Henry smelter was placed under strategic review in [...]
Alcoa (NYSE:AA) announced today that Chairman and Chief Executive Officer Klaus Kleinfeld will present at the BMO Capital Markets 23rd Global Metals & Mining Conference in Hollywood, Florida, on Monday, February 24, at 11:00 a.m. EST. Mr. Kleinfeld will discuss Alcoa's repositioning strategy to build out the Company's value-add businesses and capture demand in growing markets, while lowering the cost base of the [...]
Bud Light drinkers across America can now enjoy new, reclosable 16-ounce bottles enabled by Alcoa’s technology and materials. Bud Light drinkers across America can now enjoy new, reclosable 16-ounce bottles enabled by Alcoa’s technology and materials. The new Bud Light “Cool Twist” reclosable aluminum bottle is based on Alcoa’s patented bottle technology, uses Alcoa’s aluminum bottle sheet and carries the Alcoa logo [...]
Alcoa (NYSE:AA) today announced that Olivier Jarrault, Alcoa Executive Vice President and Group President, Engineered Products and Solutions (EPS), will speak at the Cowen and Company 35th Annual Aerospace/Defense Conference on Thursday, February 6, at The InterContinental New York Barclay. The presentation is scheduled to begin at 8:15 a.m. EST and will be webcast live via Alcoa's website, with presentation materials [...]
Alcoa (NYSE: AA) today announced that its Board of Directors has elected Carol L. Roberts a director of the Company and member of the Audit Committee of the Board. Alcoa's Board of Directors has elected Carol L. Roberts a director of the Company. Roberts is Senior Vice President and Chief Financial Officer of International Paper Company. (Photo: Business Wire) Ms. Roberts, 54, is Senior Vice President a...
Alcoa (NYSE:AA), the inventor and global leader of forged aluminum wheels, has rolled out its most durable, easy-to-maintain commercial truck wheel. Alcoa has rolled out its most durable, easy-to-maintain commercial truck wheel, known as the Dura-Bright® EVO wheel, which stands up stronger against the weather, road salts, grime and cleaning agents that can corrode and dull standard commercial truck wheels. (Photo [...]
The Board of Directors of Alcoa declared (a) a quarterly common stock dividend of 3 cents per share payable February 25, 2014 to shareholders of record at the close of business on February 7, 2014 and (b) a quarterly dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock payable April 1, 2014 to shareholders of record at the close of business on March 14, 2014. About Alcoa Alcoa is a global [...]
Alcoa (NYSE: AA) today announced it will permanently close the remaining two potlines at its Massena East smelter in New York in the first quarter of this year. The decision was made because the potlines are no longer competitive. One of three potlines at the facility was permanently closed in August 2013. The closure will reduce Alcoa’s smelting capacity by 84,000 metric tons. The Massena West facility will continue to [...]
Alcoa (NYSE: AA) today announced it has completed a $300 million expansion at its Davenport, Iowa facility dedicated to supplying aluminum sheet products to the automotive industry. Alcoa executives made the announcement as the 2014 North American International Auto Show (NAIAS) in Detroit displays a number of vehicles featuring large increases in aluminum content. According to automakers, demand for aluminum to produce [...]
Alcoa (NYSE:AA) today reported solid operating performance in the fourth quarter and full-year 2013 as the Company’s repositioning gains traction, offset by special items primarily to address legacy matters in the Primary Metals business. As a result, Alcoa reported a fourth quarter 2013 net loss of $2.3 billion, or $2.19 per share. Special items in fourth quarter 2013 totaled $2.4 billion and included a non-cash [...]
Alcoa Inc. (NYSE: AA) today announced the resolution of the investigations by the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) regarding certain legacy alumina contracts with Aluminium Bahrain B.S.C. (Alba). The settlement with the DOJ was reached with Alcoa World Alumina LLC (AWA). AWA is a company within Alcoa World Alumina and Chemicals (AWAC), the unincorporated bauxite mining [...]