Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
The Pentagon has announced a USD 174 million financing package for the aluminium producer Alcoa to set up a gallium production facility at its Wagerup alumina refinery in Western Australia, bringing critical mineral production into the refinery’s operations. The new facility is expected to produce...
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Lightweight, high-performance metals leader Alcoa today officially opened its expanded wheels manufacturing plant in Hungary. The larger facility doubles Alcoa’s capacity to produce its Dura-Bright® EVO surface-treated wheels compared to 2014 production levels. The expansion will enable Alcoa to...
At a time when other commodities are slumping, aluminum is making a comeback as automakers under pressure to build more fuel-efficient cars increase their use of the lightweight metal. While copper prices are down 14 percent this year and iron has slipped 7.7 percent, aluminum has gained 0.1...
On January 1, 2015, Atlas Holdings LLC launched Aludium — its newest operating company — with the acquisition of rolling mills in Spain and France from Alcoa, a global leader in lightweight metals technology, engineering, and manufacturing. Included in the transaction are mills located in...
Rising demand for Australian bauxite has not tempted Alcoa of Australia to join the export rush, with the aluminium giant saying it would prefer to create local jobs by turning Australian bauxite into finished products. Bauxite prices rose strongly in 2014 and are expected to rise again in coming...
Donetta Ambrose, the U.S. District Judge has approved settlement for the shareholder lawsuit filed against Alcoa by Alba accusing of a bribery scandal. In 2008, Aluminium Bahrain or Alba had sued Alcoa on the charge that the affiliates of the latter had bribed Alba executives and Bahraini officials...
Alcoa today announced that its Board of Directors has elected L. Rafael Reif a director of the Company effective March 2, 2015. Dr. Reif, 63, is president of the Massachusetts Institute of Technology (MIT), the world renowned educational institution of science and technology. He has been a faculty...
On Monday, William Oplinger, the Chief Financial Officer of Alcoa Inc. said that the company has used an aluminium price which also includes the benchmark futures and also the regional premiums which are comparable to present level for its forecast for 2015 of $500 million. However, while...
With US aluminium production giant returning to profit with the Q4 results, the price of aluminium has seen a boost which has benefitted the Australian based company named Alumina. Alumina is in fact directly affected by Alcoa’s results as the two of them jointly own Alcoa World Alumina and...
Alcoa declared its Q4 2014 results on Monday revealing a leap in the profits ending the year on a positive note amidst a major transformation in the company portfolio. The company is shifting its focus from the upstream aluminium market to the downstream value-add market, with a special focus on...
Lightweight metals leader Alcoa today reported a jump in fourth quarter and full-year 2014 profits, culminating a year of significant transformation for the Company. Alcoa is reshaping its portfolio for profitable growth by building its innovative, multi-material value-add businesses and by...
Alcoa, one of the largest aluminium producers, is due to announce its Q4 2014 results on Monday evening and the investors are expecting a positive result. Considering the rising demand of the light metal in automobiles, trains, planes, housing and military gear construction the past quarter and the...
Alcoa has been in the automotive aluminum business since Ford's Model T, but the company's 2015 F-150 and plans by other automakers to increase use of the lighter-weight material gave the supplier high hopes for the future and prompted an expansion. The global company with an operational base in...
The Saudi Arabian Mining Company (Ma’aden) and lightweight metals leader Alcoa today announced that the alumina refinery at their joint venture aluminum complex in Saudi Arabia has successfully produced its first alumina from Saudi Arabian bauxite. The alumina refinery at Ras Al Khair is the first...
Alcoa Australia Rolled Products permanently closed its Point Henry and Yennora rolling mills this week, after five decades of operation. “There is no doubt it is a sad week for our 430 employees, their families and the Geelong and Yennora communities,” said AARP Managing Director Malcolm Murphy. “I...
Transaction Enhances Product Suite in High-Growth Jet Engine Segment • Acquisition grows Alcoa’s portfolio of titanium structural cast parts for world’s bestselling jet engines and airframe structures • Expands product suite to meet growing demand; TITAL’s titanium revenues are expected to increase...
Innovative Technology Improves Jet Engine Fuel Efficiency • $16.7 million expansion in coating capabilities to improve performance of blades and vanes in hot section of bestselling, next-generation jet engines • Construction to begin this month, production expected in 2016 • Investment supported by...
Aluminium company Alcoa has called for a deal to be made on the Renewable Energy Target, saying the policy uncertainty is weighing on the industry which is struggling in Australia, ABC Online reports. The aluminium sector is presently exempted from about 70% of the cost of the RET, but both Labor...
Lightweight metals leader Alcoa today unveiled breakthrough manufacturing technology, the Alcoa MicromillTM, that will manufacture the most advanced aluminum sheet on the market. The Micromill will enable the next generation of automotive aluminum products, and equip Alcoa to capture growing...
