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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Alumina's full year losses widen
Alumina'a full year net losses have blown out and the troubled aluminium producer is bracing itself for more uncertainty ahead. The group's net loss for the 12 months to December 31 tripled to $US152.9 million from $US47.3 million ($148.42 million from $45.91 million) in 2011. Foreign exchange...
Alumina reports loss for 2012
Aluminium major Alumina has reported a net loss after tax of $62.1-million for the full 2012, compared with a net profit of $126.6-million last year, as aluminium prices declined. Revenue for the period was also down to some $5.8-billion, compared with the $6.6-billion reported in the previous...
China advances its way into the U.S.-Australia relationship
History and money link the U.S. and Australia but that’s not stopping China from shoehorning its way into the relationship at a business a level, as well as in laying the foundations for a push to replace the U.S. in a region it regards as its backyard and a critical supplier of raw materials. A...
Alcoa nearer to ending labour dispute as union recommends accord
Alcoa Inc.the largest U.S. aluminum maker, came closer to resolving a labor dispute after a union, representing workers at its ABI smelter in Quebec, said it will recommend that members back a new agreement on contracts. Negotiators for Alcoa and the United Steelworkers union accepted a report by a...
Alcoa and Victorian govt pass carbon tax liability to federal govt
Aluminium giant Alcoa and the Victorian state government have designed a complicated set of deals intended to place the liability for rising power costs onto the federal government, according to The Australian Financial Review. The plan addresses a long-standing issue whereby decades-old agreements...
Wagerup refinery has produced 50 million tonnes of alumina so far
Wagerup refinery brought some extra shine to Alcoa on Australia’s 50th anniversary celebrations last week. The refinery has produced 50 million tonnes of alumina since it opened along with the Willowdale bauxite mine on April 11, 1984. This is equivalent to the alumi-nium components in more than...
Alcoa receives 2013 Accessory of the Year Award in China
Aluminum giant Alcoa Inc. (AA) has announced that it has received the 2013 Accessory of the Year Award in China. The company was honored in the Best Safety & Energy Savings category. Alcoa received the award based on its contribution to China’s bus manufacturing industry. The awards were sponsored...
Alcoa chief to discuss aerospace portfolio
Olivier Jarrault, executive vice president and group president of Alcoa's engineered products and solutions, will speak on February 7th at the Cowen and Company 34th annual aerospace/defense conference at New York's Intercontinental Barclay. Jarrault's presentation will be broadcast live via...
John Martin Named President of Alcoa Global Primary Products
Alcoa announced today that John Martin, 48, has been named President of Alcoa Global Primary Products – United States (GPP-US). In this role, Mr. Martin oversees Global Primary Products locations in the United States including six operating smelters, an alumina refinery and a spent potlining...
Aggressive diversity agenda wins Alcoa a 2013 Catalyst Award
Alcoa, the world's largest producer of primary and fabricated aluminium, has received a 2013 Catalyst Award for honouring innovative, organisational approaches that address the recruitment, development and advancement of women. The company's Building Opportunities for Women in a Hard Hat Company...
Alcoa Aluminum Wheels Recognized for Safety and Energy Efficiency in China
Alcoa received a 2013 Accessory of the Year Award in the category of Best Safety and Energy Savings for the contributions of its forged aluminum wheels to China's bus manufacturing industry. The annual awards are organized by leading Chinese trade publications CNbuses.com and shangyongqiche.com and...
Alcoa Fastening Systems ties up with China Aircraft Manufacturer
Alcoa Fastening Systems (AFS), a unit of Alcoa, has announced a new agreement for strategic technology and commercial cooperation with Commercial Aircraft of China Ltd. (COMAC). COMAC is a manufacturer of large passenger aircraft in China and has ambitions of competing with Boeing and Airbus. The...
Fitch revises Clarendon Alumina Production outlook to negative
Fitch Ratings has affirmed Clarendon Alumina Production Limited's (CAP) foreign and local currency Issuer Default Ratings (IDRs) at 'B-'. Fitch has also affirmed CAP's USD200 million 8.5% unsecured notes due November 2021 at 'B-/RR4'. The notes continue to be supported by an explicit unconditional...
Alcoa's Lafayette expansion on track for end-2014: official
Alcoa's $90 million expansion in Lafayette, Indiana, featuring a new aluminum lithium casting facility is on track and should be operational by the end of next year, a company official said Tuesday. The world's largest aluminum company currently produces extrusions for the aerospace industry at the...
India's aluminium use growth will be next only to China's
Why does Alcoa of the US, the world’s third largest aluminium producer after United Co Rusal and Rio Tinto (takeover of Canadian Alcan gave it the volume) get so much attention in India this time of the year? Alcoa neither smelts the metal here nor has it got plans to build a smelter in India...
Board member Ratan Tata buys Alcoa shares after earning results
Alcoa Inc., the $9.5 billion market cap producer of aluminum, reported its earnings for the fourth quarter of 2012 earlier this month and the market's reaction was neutral. The stock price showed little change after the company announced that lower costs had helped it turn a profit, something it...
Aluminium Up After Two Days of Decline
After declining for two straight days, LME Aluminium forwards are trading up $ 2051 per tonne from $ 2040 per tonne at Tuesday's settlement. The markets have come off their highs but still managing to stay in green on the back of bargain buying. LME Aluminium declined from $ 2116 per tonne levels...
Alcoa to supply Aluminum Alloy Drill Pipe to Fugro for Offshore Drilling Projects
Alcoa Oil & Gas, an Alcoa business, will supply 5,300 meters (17,400 feet) of Aluminum Alloy Drill Pipe (AADP(R)) to Fugro McClelland Marine Geosciences of Houston and Fugro Singapore PTE, LTD for use in offshore geotechnical survey drilling projects. Fugro McClelland Marine Geosciences is a world...
