10 AUGUST 2011alu
Alcoa, Inc. (AA): Set To Benefit From Growing Metal Demand
Edited by : AL CIRCLE
1 min read
Improving market prices for aluminum fuelled by demand from China and other rapidly developing economies helped drive revenues for the quarter. The company's products are segmented into 4 groups – Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. For the quarter, Alumina shipments grew 11.8 percent year-over-year, Flat-Rolled Products shipments increased 24.8 percent year-over-year, and Engineered Products and Solutions shipments increased 23.9 percent year-over-year. Primary Metals shipments were flat compared to the year-ago quarter.
Demand among the automotive and aerospace industries is also slowly growing. Alcoa manufactures innovative solutions for the transportation industry which helps improve efficiency through its Engineered Products and Solutions segment, and looks poised for good revenue growth. In June, the company also unveiled new aluminum products for use in the aerospace industry enabling better savings through fuel efficiency.
Demand among the automotive and aerospace industries is also slowly growing. Alcoa manufactures innovative solutions for the transportation industry which helps improve efficiency through its Engineered Products and Solutions segment, and looks poised for good revenue growth. In June, the company also unveiled new aluminum products for use in the aerospace industry enabling better savings through fuel efficiency.
Previous article
China July Metals Output Eases, Signaling Slowdown
Next articlePermits for Metal Sales Available Tuesday
Grow with
AL Circle
