Alcoa strikes $3.1b cash-and-stock deal for South32’s key aluminium assets
Alcoa Corporation is acquiring South32’s key aluminium assets in a USD 3.1 billion deal in cash plus 17,008,960 Alcoa shares, expanding its upstream aluminium portfolio across Australia, Brazil and South Africa. The transaction will also give South32 and its shareholders an equity interest in the...
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...
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Alcoa is Among the Companies in the Aluminum Industry With the Highest Operating Margin (AA, NOR, KALU)
Below are the three companies in the Aluminum industry with the highest operating margin. A healthy operating margin is required for a company to pay for its fixed costs and generate cash. Alcoa (NYSE:AA) is highest with an operating margin of 6.9%. Alcoa Inc. produces primary aluminum, fabricated...
Fresh Allegations Emerge in RICO Lawsuit Against Alcoa
Aluminum maker Alcoa allegedly paid $5 million in bribes to the former chief executive of Bahrain’s state-owned aluminum company and ten million of dollars in bribes to a former Bahrain official as part of scheme to land contracts at inflated prices, according to a new court filing in a...
Alcoa Names Sigurdsson President, European Region and Global Primary Products Europe
Alcoa announced today that Tómas Már Sigurdsson, Managing Director Alcoa Fjardaál, is appointed President, European Region and Alcoa Global Primary Products (GPP) Europe effective January 1, 2012. Sigurdsson succeeds Marcos Ramos who has assumed new responsibilities as President of GPP in Latin...
Davies Named President, Alcoa Global Business Services
Alcoa (NYSE:AA - News) announced today that Mark Davies has joined the company as President – Alcoa Global Business Services, responsible for implementing new Information Technology and shared services strategies and integrating them with procurement operations into a global organization capable of...
Highest Forward Earnings Yield in the Aluminum Industry Detected for Noranda Aluminum (NOR, AA, AWC)
Below are the three companies in the Aluminum industry with the highest forward earnings yields. Using projected earnings for the current fiscal year, the forward earnings yield is useful to compare a stock's return vs. owning a similar stock or other yield assets (e.g. bonds). Generally, the...
Alcoa: Ready to test its metal in 2012
When Alcoa (AA -3.18%) reported earnings in October, CEO Klaus Kleinfeld told investors, "Alcoa is a confident company in a nervous world. We are well prepared for whatever lies ahead, with more cash on hand, lower debt and continued focus on profitable growth." It would be natural to write off...
Alcoa taps OSU in drive for lighter auto body
Plenty of college campuses do their part to lighten metal vessels — especially during tailgate season. The effort at Ohio State University, however, is creating a different kind of buzz. OSU is one of just two U.S. schools — the other is the University of Michigan — to share in a two-year,...
Blaming starts over Alcoa's jobs-for-license deal
A steel company tied to Alcoa Inc. said Friday it's giving up on the aluminum giant's North Carolina former smelter plant as a site for a pair of factories promising hundreds of jobs, and will look to other states for politicians eager to make a deal. Clean Tech Silicon & Bar has another location...
Kaiser Aluminum Ranks the Highest in Terms of EBITDA Growth in the Aluminum Industry (KALU, AA, NOR)
Below are the three companies in the Aluminum industry with the highest EBITDA Growth (next year estimate vs. LTM). EBITDA Growth can be valuable in predicting future cash flow generation and earnings power. Kaiser Aluminum (NASDAQ:KALU) is highest with EBITDA growth of 90.2%. Kaiser Aluminum...
Alcoa and Century Aluminum Face Pressure in the Short Term -- Long Term Outlook Remains Bright
Aluminum stocks have been hammered in recent months as a weak outlook for the global economy has weighed on prices. Last month Forbes reported that aluminum prices have fallen below the cost of output for many producers, "creating a scenario in which global production may suffer in the months ahead...
Alcoa Hampered by Europe's Uncertainty
Shares of Alcoa(AA) continued to slump in December as economic uncertainty that surrounds the European debt crisis weighs on the global aluminum market. Shares of the Pittsburgh-based aluminum producer fell 2.4% to $9.14 after German Chancellor Angela Merkel reiterated objections to a bigger...
Deal clears way for red mud cleanup Alumina and a lawsuit The settlement
More than six years after the V.I. Department of Planning and Natural Resources filed suit against eight industrial companies operating on the southern shore, a portion of the toxic red mud resulting from decades of alumina production will be cleaned up, officials said. The cost of the clean-up is...
Alcoa Participates in Better Buildings Roundtable at the White House
Alcoa today participated in the White House Better Buildings Roundtable, contributing to the national dialogue on how public-private partnerships can advance the green building sector, drive innovation and stimulate economic growth. Glen Morrison, President, Alcoa Building and Construction Systems,...
More than 7,000 pounds of aluminum cans collected in annual drive
The Cash for Cans campaign lived up to its billing by pumping nearly $4,000 back into the community while recycling more than 7,000 pounds of aluminum cans. Cash for Cans is sponsored by Alcoa and Keep Evansville Beautiful as a way to "get people to realize there is money in those aluminum cans...
Aluminum Diet Puts Bus On Road To Weight Loss
Giant aluminum producer Alcoa recently announced it has developed a new all-aluminum space frame and bus design for China-based electric vehicle manufacturer BYD. The first two BYD Electric Bus prototypes using the new Alcoa design were recently launched in Changsha City, Hunan Province, China....
Alcoa's Upstream Value Not Shaken by Economic Uncertainty
Aluminum is a highly cyclical industry, and Alcoa's (AA) shipments have not yet recovered to prerecession levels; aluminum prices are still more than 35% below their 2008 peak after losing some of their gains in the past few months. We think that long-term fundamentals support aluminum demand and...
Alcoa selects engineering firm for modernization plans
Alcoa is progressing in its plans to modernize its Massena operations by selecting an outside engineering firm. The aluminum company has selected Bechtel Engineering, a worldwide firm with a presence in Montreal, to move its modernization plans forward, according to Alcoa spokeswoman Laurie A....
Tailings dump health fears
RESIDENTS in Mandogalup and Hope Valley are in limbo, unsure whether they can live safely in their homes that are close to mining giant Alcoa’s tailings area. Many of their properties now fall within a 1.5km buffer extension and 500m transition zone around the tailings area, put into place by the...
