21 JULY 2011seekingalpha.com
Alcoa: New Products to Drive Revenues
Edited by : AL CIRCLE
1 min read
Alcoa announced on June 9 the development of new aluminum-based solutions for the aerospace market, reducing the weight and an increase in fuel economy on top of the savings from new engines. Maintenance and manufacturing costs make the new material much cheaper over the life cycle when compared against carbon fiber. As a sign of support, Airbus signed a deal worth an estimated $1 billion to provide the new composite for use in planes.
At the Paris Air Show, Boeing and Airbus signed a combined $94 billion in new order volume, providing both companies with a backlog of over 7.5 years of current production. Aluminum is a major component in airplane manufacturing and the backlog indicates strong demand well into the future for Alcoa.
On May 9 Alcoa announced that it will begin selling an aluminum building panel that will remove smog from the air in a major green initiative. The panel works by turning fine grounds of titanium dioxide into a clear paste which it then applies to the surface of aluminum. The titanium dioxide interacts with sunlight and breaks down pollution into carbon dioxide particles.
At the Paris Air Show, Boeing and Airbus signed a combined $94 billion in new order volume, providing both companies with a backlog of over 7.5 years of current production. Aluminum is a major component in airplane manufacturing and the backlog indicates strong demand well into the future for Alcoa.
On May 9 Alcoa announced that it will begin selling an aluminum building panel that will remove smog from the air in a major green initiative. The panel works by turning fine grounds of titanium dioxide into a clear paste which it then applies to the surface of aluminum. The titanium dioxide interacts with sunlight and breaks down pollution into carbon dioxide particles.
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