Lightweight metals leader Alcoa (NYSE:AA) today announced that it is continuing to aggressively transform its upstream portfolio to create a lower cost, globally competitive commodity business. The Company said over the next twelve months it will review 500,000 metric tons of smelting capacity and 2.8 million metric tons of refining capacity for [...]
Lightweight metals leader Alcoa (NYSE:AA) today announced that José Aurélio Drummond will join the Company as President of Latin America effective March 9, 2015. Mr. Drummond, 50, will lead Alcoa’s Latin America region, supporting the Company’s transformation strategy through which Alcoa is growing its value-add businesses and creating a globally [...]
Lightweight, high-performance metals leader Alcoa (NYSE: AA) today announced that it has completed the acquisition of privately held TITAL. Alcoa closed the transaction, which was announced on December 15, 2014, after receiving all of the required global regulatory approvals. TITAL is a leading manufacturer of titanium and aluminum structural [...]
Alcoa (NYSE:AA) has once again been named the most admired metals company in the world by Fortune magazine. This is the fourth year in a row that Alcoa has been awarded the top position in the Metals category in the magazine's annual ranking on corporate reputation. Alcoa has been on Fortune's Most Admired List since the publication began its [...]
Alcoa (NYSE:AA) announced today that Chairman and Chief Executive Officer Klaus Kleinfeld will present at the BMO Capital Markets 24th Global Metals & Mining Conference in Hollywood, Florida, on Monday, February 23, at 9:30 a.m. EST. Mr. Kleinfeld will discuss Alcoa's transformation strategy which encompasses growing the Company's innovative [...]
Alcoa (NYSE:AA) announced today that Nahla A. Azmy has joined Alcoa as Vice President, Investor Relations. Azmy had been Vice President, Investor Relations and Communications for Rockwood Holdings, Inc., a leading global specialty chemicals company. She succeeds Kelly Pasterick, who has been named to the position of Vice President, Global Financial [...]
The Alcoa (NYSE:AA) alumina refinery in San Ciprian (Lugo, Spain) today officially transitioned from fuel oil to natural gas following the completion of a new gas pipeline. The US$25 million investment to convert the refinery to natural gas is consistent with the Company’s strategy to create a lower cost, globally competitive alumina business [...]
Lightweight, high-performance metals leader Alcoa (NYSE:AA) today officially opened its expanded wheels manufacturing plant in Hungary. The larger facility doubles Alcoa’s capacity to produce its Dura-Bright® EVO surface-treated wheels compared to 2014 production levels. The expansion will enable Alcoa to meet growing European demand for its [...]
Alcoa (NYSE:AA) today announced that its Board of Directors has elected L. Rafael Reif a director of the Company effective March 2, 2015. Alcoa has elected L. Rafael Reif to its board of directors, effective March 2, 2015. Dr. Reif is president of MIT. (Photo: Business Wire) Dr. Reif, 63, is president of the Massachusetts Institute of [...]
The Board of Directors of Alcoa today declared (a) a quarterly common stock dividend of 3 cents per share payable February 25, 2015 to holders of record of the common stock at the close of business on February 6, 2015; (b) a dividend of 93.75 cents per share on Alcoa’s $3.75 cumulative preferred stock (“Class A Stock”) payable April 1, 2015 to [...]
Lightweight metals leader Alcoa (NYSE:AA) today reported a jump in fourth quarter and full-year 2014 profits, culminating a year of significant transformation for the Company. Alcoa is reshaping its portfolio for profitable growth by building its innovative, multi-material value-add businesses and by creating a globally competitive commodity [...]
Alcoa (NYSE:AA) will hold a conference call on Monday, January 12 beginning at 5:00 p.m. ET to discuss fourth quarter and full-year 2014 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. ET. Conference Call Information Time [...]