16 SEPTEMBER 2015Alcoa Press Release
Alcoa to commercialize MicromillTM Technology in Worldwide Licensing Deal
Edited by : AL CIRCLE
2 min read
Lightweight metals leader Alcoa today announced it will commercialize its breakthrough MicromillTM technology, working with the Danieli Group, a global supplier of plants and equipment to the metals industry. Danieli will license Alcoa’s intellectual property associated with manufacturing advanced Micromill® products. In a separate announcement made earlier today, Alcoa and Ford Motor Company said that the automaker has selected Micromill material to be used on its 2016 Ford F-150 truck.
Under the letter of intent, Alcoa and Danieli will work toward an agreement to sell Micromill equipment and license the patented Micromill technology. As part of the collaboration, Alcoa will grant Danieli exclusive rights to sell Micromill equipment for a limited period of time. In addition, the companies will work together to license the Micromill alloys and process technology to potential customers around the world, initially targeting Europe, South America, and Southeast Asia.
“This agreement puts our disruptive Micromill technology on the fast-track to commercialization,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “Micromill technology has the potential to change the face of the aluminum rolling industry – producing material with unrivalled characteristics, through a revolutionary manufacturing process. Our partnership with Danieli will move this proprietary technology from pilot plant to full-scale production, unlocking value for our shareholders and bringing high-tech metal to customers around the world.”
To date, the company has Micromill qualification agreements in place with nine major automotive customers on three continents, including Ford.
In addition to Ford’s use of Micromill material on the F-150, Alcoa further announced today it has entered into a Joint Development Agreement to collaborate with the automaker on next-generation aluminum alloys for automotive parts using Micromill technology. The projected use of Micromill material on Ford vehicles is expected to more than double from 2016 to 2017.
Under the letter of intent, Alcoa and Danieli will work toward an agreement to sell Micromill equipment and license the patented Micromill technology. As part of the collaboration, Alcoa will grant Danieli exclusive rights to sell Micromill equipment for a limited period of time. In addition, the companies will work together to license the Micromill alloys and process technology to potential customers around the world, initially targeting Europe, South America, and Southeast Asia.
“This agreement puts our disruptive Micromill technology on the fast-track to commercialization,” said Klaus Kleinfeld, Alcoa Chairman and Chief Executive Officer. “Micromill technology has the potential to change the face of the aluminum rolling industry – producing material with unrivalled characteristics, through a revolutionary manufacturing process. Our partnership with Danieli will move this proprietary technology from pilot plant to full-scale production, unlocking value for our shareholders and bringing high-tech metal to customers around the world.”
To date, the company has Micromill qualification agreements in place with nine major automotive customers on three continents, including Ford.
In addition to Ford’s use of Micromill material on the F-150, Alcoa further announced today it has entered into a Joint Development Agreement to collaborate with the automaker on next-generation aluminum alloys for automotive parts using Micromill technology. The projected use of Micromill material on Ford vehicles is expected to more than double from 2016 to 2017.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
AluMag to organize 3rd Automotive Lightweight Procurement Symposium in Detroit from Nov 9-11
Next articleBooming aerospace materials market will buoy demand for aluminium alloys
Grow with
AL Circle
