NewsDownstream Alcoa announces Global Trends Driving Increased Aluminum Demand
10 MAY 2011www.alu.com.cn

Alcoa announces Global Trends Driving Increased Aluminum Demand

Edited by : AL CIRCLE
1 min read
    Alcoa announces Global Trends Driving Increased Aluminum Demand
The world is undergoing fundamental shifts that will shape the next 50 years -- trends that will increase demand for aluminum and products made by Alcoa, Company Chairman and CEO Klaus Kleinfeld told investors at Alcoa’s 123rd Annual Meeting of Shareholders, held today in Pittsburgh.

Kleinfeld also reported that the company’s joint venture in Saudi Arabia is on schedule, and he paid tribute to retiring director Joseph T. Gorman, a member of the Alcoa board since 1991.

Kleinfeld presented an upbeat view of an “aluminizing” world, where population growth and urbanization are driving demand for more efficient infrastructure and transportation solutions.

“The world is experiencing fundamental shifts that will shape the next 50 years,” Kleinfeld said. “We will experience changes in all aspects of life – where we live, what we consume, how we travel. These trends are driving worldwide growth and demand for aluminum.”

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