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Alcoa creates new Latin America headquarters

Edited by : AL CIRCLE
1 min read
Alcoa creates new Latin America headquarters
Alcoa Inc. said Monday it is creating a new Latin America and Caribbean headquarters to help accelerate growth in the region.

The aluminum producer said the division will be run by Franklin Feder, who becomes regional chief executive officer on Jan. 1.

Feder was most recently Latin America and Caribbean regional president of Alcoa's Global Primary Products division, which includes the company's refining and smelting operations.

"Brazil has long been an important region to Alcoa, particularly in our upstream businesses, but with Brazil's rapidly growing economy, its strategic importance to Alcoa extends beyond our Global Primary Product business," CEO Klaus Kleinfeld said in a statement.

Alcoa's involvement in the aluminum business includes mining, smelting, and selling rolled metal sheets that wind up as aircraft, autos, soda cans and many other products.

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