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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MHM Metals Limited updates on its recyling operation
MHM Metals Limited confirms that salt cake and dross recycling operations in Geelong continue to perform well. Daily operating tonnages are continuing to exceed incoming material allowing reduction in our current stockpile of partly processed material. A recently announced trial of small changes to...
Project Partners Ma'aden and Alcoa Sign Contract with Hyundai to Construct Alumina Refinery
The Ma'aden Alcoa aluminium joint venture announced today that it has signed a contract worth SR5.6bn with Hyundai Engineering & Construction Co Ltd to construct its alumina refinery at Ras Al Khair in Saudi Arabia's Eastern Province. The contract includes: • completing detailed engineering, •...
Alcoa Wheels Achieves Cradle to Cradle CertifiedCM Silver for infinite recyclability and Environmentally Safe Manufacturing Processes
Alcoa AA +0.23% announced today that its global line of wheel products is now Cradle to Cradle CertifiedCM at the Silver level. Alcoa wheels are the first products in the transportation industry to receive certification from the Cradle to Cradle CertifiedCM Program, recognizing Alcoa's...
Alcoa smelter near Ferndale gets short-term power contract extension
The Bonneville Power Administration has given the Alcoa Intalco Works aluminum smelter west of Ferndale a 35-day extension on its electricity supply contract, just three days before its existing contract was scheduled to expire. BPA spokesman Mike Hansen said the extension, announced Wednesday, May...
Alumina Limited Rating Increased to Neutral at Goldman Sachs
Alumina Limited (NYSE: AWC) was upgraded by Goldman Sachs (NYSE: GS) from a “sell” rating to a “neutral” rating in a research note issued on Tuesday. Alumina Limited traded down 6.68% on Tuesday, hitting $3.49. Alumina Limited has a 1-year low of $3.48 and a 1-year high of $9.92. The company has a...
Alcoa to Hold Back Alumina Refinery Expansion in Australia
Alcoa, the largest aluminum producer in the United States, has yet again decided to postpone expansion of an alumina refinery in Australia as aluminum prices continue to remain under pressure. The move followed its earlier announcement to curtail capacity at some of its smelters and refinery in the...
No sign of improvement on the status of Point Henry smelter
Adverse market conditions confronting Alcoa's ageing Point Henry plant have not improved since the company announced a review of its Geelong smelter three months ago, with any relief from the falling dollar offset by weakening aluminium prices. Shortly after the review was announced in February,...
Alcoa Launches $90 million Aluminum Lithium fecility
Alcoa AA +0.12% celebrated the launch of construction of its greenfield state-of-the-art aluminum lithium facility at a groundbreaking event attended by Lafayette employees, and community and state partners. Adjacent to its existing plant, the $90 million, 115,000 square-foot expansion will produce...
Ron Barin Elected Alcoa Vice President
Alcoa AA -1.09% announced today that Ron Barin has been elected a Vice President and an officer of the company. He is also Chief Investment Officer, Pension Investments, overseeing the investment of $15 billion of assets for Alcoa's retirement benefits plans and the Alcoa Foundation. "Ron's...
CAP bleeds billions
THE Government expects to lose billions of dollars this year due to Clarendon Alumina Production's (CAP) unstaunched bleeding. CAP will lose US$91 million ($7.9 billion) for the current financial year, according to spending estimates given by the Finance and Planning Minister Peter Phillips, last...
Alcoa plans enlargement for East Iceland smelter
Alcoa Iceland is looking into the possibility of enlarging the Alcoa Fjaroaal aluminium smelter in Reyoarfjorour, east Iceland, inviting representatives of pension funds to see whether they might help fund the project, Iceland Review reported. Alcoa is preparing to increase electricity capacity in...
Alcoa to invest in Quebec
Alcoa is to invest $75 million in Québec in 2012. Alcoa Canada Global Primary Products (GPP Canada) will spend roughly $75M in the communities of Bécancour, Deschambault and Baie-Comeau, the three locations where it operates smelters. GPP Canada plans to allocate about $62M designed to maintain its...
Brazil to cut electricity taxes to boost industrialization
Brazilian President Dilma Rousseff plans to cut and simplify taxes for electricity producers and distributors, two senior officials told Reuters, as part of a strategy to reduce Brazil's high business costs and stimulate its struggling economy. Electricity prices are a big component of the...
Alcoa Among Top Ten Great Places to Work in Mexico
Alcoa (NYSE:AA - News) operations in Monterrey, Mexico has been recognized by the Great Place to Work® Institute as one of the Top Ten Places to Work in Mexico in the Multinationals category. The facility — part of Alcoa Wheel and Transportation Products — placed #1 in the Northeast Region. In...
Global demand for aluminium remains solid
Chris Ayers, Alcoa EVP and President, Global Primary Proucts told the CRU 17th World Aluminium Conference in Abu Dhabi that the global primary demand growth rate will be 7% in 2012. This compares to a 10% growth rate in 2011. Driving growth will be the aerospace market where a 13% rise will occur....
Petchem projects dominate Kingdom's industrialization drive
Saudi Arabia's project market is buoyant with a string of petrochemicals and minerals projects being rolled out. The authorities are keen to vertically integrate their petrochemicals industry with a view to producing materials for a nascent domestic automotive industry (among other sectors)....
Designs of two new Airbus and Boeing aircraft are to boost Alcoa's stock performance
The designs of two new Airbus and Boeing (NYSE:BA) aircraft are a saving grace for Alcoa Inc. (NYSE:AA), according to the aluminum company’s chief executive Klaus Kleinfeld, who on Friday told shareholders at the company’s annual meeting in Pittsburgh, Pennsylvania, that Alcoa is putting its energy...
The Central Park Conservancy and Alcoa to Set a New Standard in Waste Removal
The Central Park Conservancy, an internationally recognized leader in park management and restoration, has been awarded a $500,000 grant from Alcoa Foundation and an in-kind donation of aluminum valued at $140,000 from Alcoa AA -0.65% to design a sustainable waste management system, to increase...
