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 downgraded to junk status in ratings
Ratings agency Moody's Investors Service has downgraded US aluminum giant Alcoa by one notch to junk status due to falling prices and slow growth in China and Europe. Moody's on Wednesday cut Alcoa's senior unsecured debt and corporate family ratings to Ba1 from Baa3. It, however, said the...
Alcoa reviews facilities to secure competitive power contract
For the second time in two years, Alcoa is examining its smelting capacity and may reduce output from its nearly two dozen facilities, which include a Berkeley County smelter, Alcoa Mt. Holly. The review comes as Alcoa Mt. Holly and Santee Cooper face a June 30 deadline for negotiations over...
Alcoa completes water recycling project
Aloca Inc. and The Saudi Arabian Mining Co. (Ma'aden) announced the completion of its engineered wetlands wastewater management system in Saudi Arabia. The first-of-its-kind system will reduce water demand by nearly 2 million U.S. gallons per day and is expected to save more than $7 million...
Rusal sees room for more cuts as aluminum price struggles
Aluminum giant Rusal could consider deeper capacity cuts if prices for the metal continue to languish around levels last seen in the aftermath of the financial crisis, a senior executive said. The aluminum industry is struggling with excess capacity, rising costs and weak prices. RusAl estimates a...
Alcoa wins Aluminum Industry Leadership Award 2013
Alcoa won the Industry Leadership Award for Aluminum at the Inaugural Platts Global Metals Awards, sponsored by Platts, a leading global provider of energy, petrochemical and metals information. Alcoa was recognised for taking decisive action resulting in a substantial transformation or change of...
Alcoa to cut energy consumption by half at new forged wheel plant
Alcoa announced that its $21 million Alcoa Wheel and Transportation Products casthouse expansion at its Barberton, Ohio plant is expected to cut in half the total amount of energy used to recycle aluminum for forged wheels, reducing greenhouse gases and increasing the overall efficiency and...
Alcoa discloses details on aluminum production cuts as prices rise
Alcoa announced last week that it is closing two potlines at its Baie-Comeau smelter in Quebec- 105,000 tonnes of annual production- scheduled to close by August. It is the first tranche of a total 460,000 tonnes of capacity placed under review by Alcoa at the start of May. “Given the company said...
Mixed feelings on Alcoa’s stewardship of the Yadkin river
Alcoa, the American aluminium giant, pays a lot of attention to the environment when it comes to its various smelting, mining and refining operations around the world, but the company is facing criticism from some quarters over its stewardship of the Yadkin River in North Carolina. The company owns...
Alcoa’s massive drop in Alcoa profits
Alcoa of Australia has filed full-year accounts and revealed that the company's profits of $106.2 million were down from $569 million. Sales fell by 12% and the company's return on capital was 3% – down from 9.47% at the end of 2011. Alcoa of Australia is 60% owned by Alcoa and 40% owned by Alumina...
Modernization of Baie-Comeau Smelter
Alcoa announced today it is postponing construction of a new potline at its Baie-Comeau smelter in Québec as part of a revised modernization plan for the smelter, but will begin preparations for the upgrade by investing $100 million in the smelter over the next three years and by permanently...
Alcoa to close two aluminum smelting lines in Quebec,eliminating 500 jobs
Alcoa will eliminate about 500 jobs by permanently closing two potlines this summer at its smelter in Baie-Comeau, Que., while also delaying construction of more efficient facilities at the smelter for three years. The company said Thursday that the job cuts will be made through retirements and...
Alcoa's profit plunges 81pc
Alcoa has delivered proof that even its low-cost WA bauxite and alumina operations are feeling the pinch of aluminium's persistent status as the world's most unpopular metal, reporting an 81 per cent slump in Australian profitability last year. Compounding the woes, Alcoa said its Australian...
China aluminum capacity cuts won't solve glut: CRU
China has temporarily halted 1 million metric tons a year of primary aluminum capacity so far this year and could cut a further 300,000 tons capacity in the country's east before year-end if metal prices remain low, but this won't solve the global industry's overcapacity problems, CRU consultants...
Chalco to Sell Stakes at Subsidiaries, Alcoa’s Tennessee Aluminum Rolling Mill Expands
Chalco to Sell Stakes at Eight Aluminum Processing Subsidiaries The Aluminum Corporation of China (Chalco)’s aluminum processing business has the smallest gross margins and is the one of the major reasons behind its losses. As such, Chalco has decided to sell stakes at its eight aluminum processing...
Alcoa leads metals sector in Fortune 500 ranking
Alcoa led the Metals category of eight companies in the 2013 Fortune 500 ranking of the largest U.S. companies. It also ranked 128 in the overall ranking of the largest corporations based on revenues, profits and market value. Alcoa is one of the 57 original Fortune 500 companies which has been on...
Auto demand for aluminium leads to Tennessee expansion
To meet the growing demand for light, durable, and recyclable aluminum sheet for automotive production, Alcoa announced last week that it will expand its rolling mill in Tennessee. The expansion represents a $275 million investment over the next three years and will add 200 permanent full-time jobs...
Future of Portland Smelter jobs uncertain
The future of more than 500 workers at Portland’s Alcoa smelter is uncertain after the US-based company last week revealed it was reviewing worldwide production cuts. The company’s owners issued a statement last week announcing global operations could cut 460,000 metric tons, or about 11 per cent,...
Paris Watts-Stanfield elected as Alcoa Vice President, Internal Audit and Company Officer
The Alcoa Board of Directors has elected Paris Watts-Stanfield as the Vice President, Internal Audit and an Officer of the Company. In this role, she is accountable for Alcoa's worldwide audit activities in the Finance, Information Technology, and Environment, Health and Safety areas. Most recently...
