Alcoa’s 16kg aluminium wheel could change fleet efficiency equation
A truck’s overall weight comes from dozens of components, including the engine, chassis, tyres, etc. Wheels are one area where fleets can explore lightweighting. Traditional steel wheels, widely used across the transport industry, are known for their robustness. Forged Alcoa aluminium wheels offer...
Alcoa files SEC registration for $5.6b South32 alumina, aluminium and bauxite asset deal
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...
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Alcoa drops on JPMorgan downgrade
Alcoa stock took a dive Wednesday after JPMorgan downgraded the barometer for market sentiment and made deep cuts to earnings estimates. Shares of Alcoa, which kicks off the second-quarter earnings season on Monday, fell 1% to $7.72. JPMorgan lowered its rating to Neutral from Overweight and...
AusGroup awarded AU$36million contract with Alcoa
AusGroup Limited subsidiary AGC Industries Pty Ltd a leading Australia based fabrication, construction and integrated services company to the oil and gas and resources sectors, has announced they have been awarded a three year plus three month extension on their calciner overhaul and maintenance...
Alcoa estimate down in past month
Expectations have dropped for Alcoa’s second quarter results in the month leading up to the company’s earnings announcement slated for Monday, July 8, 2013. The consensus analyst estimate has dropped from 12 cents a share to the current estimate of earnings of nine cents a share. Over the past...
Alcoa breaks ground on $52 million aluminum plant in NY
Alcoa Inc. has broken ground on an expanded, more modern aluminum plant in northern New York. Gov. Andrew Cuomo said Monday that Alcoa will spend $42 million to prepare for modernization and added capacity at its plant in Massena, near the Canadian border. Cuomo says the company will provide...
Alcoa completes early redemption of notes
Alcoa announced on 28 June that it has completed the previously announced early redemption of all of its 6.00% Notes due July 15, 2013 in the aggregate principal amount of $422,463,000. Holders of the Notes were paid $1,002.60 per $1,000.00 aggregate principal amount of the Notes plus accrued and...
Alcoa attracts Jaguar Land Rover in Saudi Arabia
Jaguar Land Rover is currently conducting a feasibility study into the establishment of a production facility in the Saudi Arabian industrial port of Yanbu. As reported, the Saudi government is trying to lure the auto maker with the promise of a free factory. If the company were to go ahead with...
Alcoa pre-earnings outlook
Alcoa is set to report second quarter earnings on July 8. Its second quarter earnings report follows some speculation in the market regarding aluminum prices and global industry demand. Analysts’ have a second quarter consensus estimate of $0.10 per share, $0.04 above the previous year’s second...
Alcoa permanently closes Italian aluminium smelter
US-based aluminium major Alcoa on Friday announced it would permanently close its Fusina primary aluminium smelter, in Venice, Italy, where production had been curtailed since June 2010. The company said the planned closure would reduce its global smelting capacity of 4.2-million metric tons a...
Experts allay fears of aluminium demand fall for carbon composites
A report by Reuters suggested that aluminium is still the material of choice for the aerospace industry despite the introduction (and use) of carbon composites, particularly on new-generation wide-bodied airliners. With the light metal’s percentage share of the aerospace market estimated to grow by...
Alcoa and RUSNANO to produce drill pipe for oil and gas market
Alcoa and OJSC RUSNANO will produce technologically advanced oil and gas aluminum drill pipe finished with a life-extending antiwear coating under a Memorandum of Understanding (MoU) signed by the companies. With the help of the Alcoa Technical Center, the parties intend to pursue the potential...
Alcoa given hold rating at TheStreet
Alcoa’s stock had its “hold” rating reiterated by TheStreet in a research note issued on Wednesday, Stock Ratings Network.com reports. The analysts wrote, “Alcoa (AA) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its...
Alcoa, Boeing partner to boost aluminum recycling
Alcoa Inc. and Boeing Co.announced Wednesday at the Paris Air Show that they will be teaming up to form a closed-loop program aimed at significantly increasing the recycling of internal aluminum aerospace alloys used in the production of Boeing airplanes. Alcoa said the program will entail...
Alcoa completes capacity upgrades for 3rd gen aluminium/lithium alloys
Alcoa has announced completion of the second-phase expansion of aluminium/lithium alloy capacity at its Kitts Green facility, in the UK, to better serve the growing demand for the company’s third-generation aluminium/lithium alloys. The company on Tuesday said it expected aluminium/lithium revenues...
Alcoa's woes reiterated by over supply and price fall
It is said that the tough will only get tougher when the road is rough and Alcoa Inc., the leading aluminum producer in the world, is flexing its muscles every single day. The massive aluminum glut and dropping aluminum prices are the two demons that the company has been waging a war with for some...
Klesch's talks to buy Alcoa Sardinia smelter stall
Negotiations over Swiss industrial group Klesch's potential purchase of U.S. aluminium maker Alcoa's plant in Sardinia have stalled, the Italian Industry Ministry said in a statement on Wednesday. Last year Klesch presented a formal expression of interest in the aluminium smelter, which is being...
Alcoa rolls out medium-duty aluminum wheels
Alcoa has introduced the M-Series line of wheels, designed for medium-duty trucks in Classes 3-6. Each wheel in the series features the same benefits Alcoa forged aluminum wheels provide to heavy duty (Class 7-8) customers customized to fit medium duty applications, Alcoa said. M-Series wheels...
Alcoa develops new low cost technology to reduce smelter emissions
The Alcoa Technical Center (ATC) has developed technology that uses 50% less water and 30% less energy and will reduce emissions at a fraction of the cost of current technology in the field. ATC will complete commissioning and on-site testing of its In-Duct Scrubber in August 2014 and plans to...
Alcoa mulls Yadkin hydro assets sale
As Alcoa inches toward renewal of its embattled Yadkin River hydro license, the aluminum giant acknowledges the 38-mile project could be sold. Control of the Yadkin’s economic value has pitted Stanly County, site of a now-closed smelting operation, against Alcoa for more than six years. Alcoa now...
